FDx Advisors Inc. acquired a new stake in PTC Inc (NASDAQ:PTC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,173 shares of the technology company’s stock, valued at approximately $204,000.

Other large investors have also made changes to their positions in the company. Toronto Dominion Bank grew its position in PTC by 26.3% during the first quarter. Toronto Dominion Bank now owns 3,125 shares of the technology company’s stock valued at $244,000 after acquiring an additional 650 shares during the period. Aperio Group LLC grew its position in PTC by 2.5% during the second quarter. Aperio Group LLC now owns 27,421 shares of the technology company’s stock valued at $2,572,000 after acquiring an additional 658 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PTC by 10.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the technology company’s stock valued at $546,000 after acquiring an additional 678 shares during the period. Louisiana State Employees Retirement System grew its position in PTC by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the technology company’s stock valued at $2,927,000 after acquiring an additional 700 shares during the period. Finally, LPL Financial LLC grew its position in PTC by 11.5% during the first quarter. LPL Financial LLC now owns 7,005 shares of the technology company’s stock valued at $546,000 after acquiring an additional 720 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PTC opened at $100.78 on Wednesday. PTC Inc has a 1-year low of $54.37 and a 1-year high of $101.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $11.78 billion, a PE ratio of 136.19, a P/E/G ratio of 3.12 and a beta of 1.27.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 18th. The technology company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. PTC had a return on equity of 11.62% and a net margin of 4.55%. The company had revenue of $314.78 million during the quarter, compared to the consensus estimate of $312.95 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. research analysts anticipate that PTC Inc will post 0.88 EPS for the current fiscal year.

In related news, EVP Anthony Dibona sold 2,187 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $96.30, for a total value of $210,608.10. Following the transaction, the executive vice president now owns 30,090 shares in the company, valued at $2,897,667. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Corinna Lathan sold 1,405 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $92.58, for a total value of $130,074.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,733 shares of company stock worth $9,521,376. Insiders own 1.19% of the company’s stock.

A number of research firms have issued reports on PTC. BidaskClub downgraded PTC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Guggenheim started coverage on PTC in a research report on Tuesday, August 7th. They set a “buy” rating and a $115.00 price target for the company. Cowen set a $113.00 target price on PTC and gave the stock a “buy” rating in a research report on Thursday, July 19th. Mitsubishi UFJ Financial Group upped their target price on PTC to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research raised PTC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PTC presently has an average rating of “Buy” and a consensus price target of $99.44.

PTC Company Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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