IFC Holdings Incorporated FL acquired a new stake in PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,244 shares of the technology company’s stock, valued at approximately $231,000.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its stake in PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock worth $541,450,000 after buying an additional 10,203,410 shares during the period. Vanguard Group Inc. increased its stake in PTC by 4.9% in the first quarter. Vanguard Group Inc. now owns 9,188,631 shares of the technology company’s stock worth $482,863,000 after buying an additional 430,924 shares during the period. FMR LLC increased its stake in PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock worth $270,642,000 after buying an additional 2,755,079 shares during the period. State Street Corp increased its stake in PTC by 2.0% in the first quarter. State Street Corp now owns 2,944,568 shares of the technology company’s stock worth $154,737,000 after buying an additional 58,720 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in PTC during the first quarter worth $130,787,000. Institutional investors and hedge funds own 98.40% of the company’s stock.

PTC Inc. (NASDAQ PTC) opened at 53.39 on Wednesday. The firm has a 50 day moving average price of $55.52 and a 200 day moving average price of $54.91. The company’s market cap is $6.17 billion. PTC Inc. has a 12-month low of $41.14 and a 12-month high of $60.22.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The firm had revenue of $291.92 million during the quarter, compared to analysts’ expectations of $290.55 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, analysts anticipate that PTC Inc. will post $1.20 earnings per share for the current fiscal year.

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PTC has been the subject of a number of research analyst reports. Guggenheim restated a “neutral” rating and issued a $50.00 target price on shares of PTC in a research report on Tuesday, April 18th. Evercore ISI restated a “buy” rating and issued a $65.00 target price on shares of PTC in a research report on Thursday, April 20th. Wedbush upped their target price on PTC from $59.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, April 20th. Griffin Securities upped their target price on PTC from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Barclays PLC upped their target price on PTC from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.25.

In other PTC news, EVP Anthony Dibona sold 2,205 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $55.88, for a total value of $123,215.40. Following the completion of the transaction, the executive vice president now directly owns 22,228 shares in the company, valued at approximately $1,242,100.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Barry F. Cohen sold 27,374 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the completion of the transaction, the executive vice president now owns 79,729 shares of the company’s stock, valued at $4,358,784.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,329 shares of company stock valued at $3,588,097. Corporate insiders own 1.02% of the company’s stock.

PTC Company Profile

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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