PTC Inc. (PTC) Shares Sold by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. decreased its stake in PTC Inc. (NASDAQ:PTC) by 27.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,310 shares of the technology company’s stock after selling 54,371 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of PTC worth $7,734,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock valued at $541,450,000 after buying an additional 10,203,410 shares in the last quarter. FMR LLC raised its position in shares of PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock valued at $270,642,000 after buying an additional 2,755,079 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of PTC during the first quarter valued at approximately $130,787,000. Thornburg Investment Management Inc. purchased a new position in shares of PTC during the first quarter valued at approximately $109,170,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of PTC during the first quarter valued at approximately $53,169,000. Institutional investors and hedge funds own 98.15% of the company’s stock.
PTC Inc. (NASDAQ:PTC) opened at 56.00 on Friday. The stock’s market cap is $6.47 billion. The firm has a 50-day moving average price of $54.96 and a 200 day moving average price of $54.97. PTC Inc. has a 1-year low of $41.40 and a 1-year high of $60.22.
PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $291.92 million for the quarter, compared to analyst estimates of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. PTC’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts anticipate that PTC Inc. will post $1.20 EPS for the current fiscal year.
Several brokerages have recently commented on PTC. Berenberg Bank began coverage on PTC in a research note on Wednesday, August 23rd. They set a “buy” rating and a $66.00 price target on the stock. Evercore ISI set a $65.00 price target on PTC and gave the company a “buy” rating in a research note on Monday. BidaskClub lowered PTC from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a $65.00 price target (down previously from $67.00) on shares of PTC in a research note on Saturday, July 22nd. Finally, Robert W. Baird began coverage on PTC in a research note on Wednesday, May 10th. They set an “outperform” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.47.
In other PTC news, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the sale, the director now owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Staats Aaron C. Von sold 5,750 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $55.26, for a total value of $317,745.00. The disclosure for this sale can be found here. Insiders sold a total of 65,329 shares of company stock worth $3,588,097 in the last ninety days. 1.11% of the stock is owned by corporate insiders.
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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