PTC Inc (PTC) Stake Lifted by O Shaughnessy Asset Management LLC
O Shaughnessy Asset Management LLC lifted its holdings in PTC Inc (NASDAQ:PTC) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,355 shares of the technology company’s stock after acquiring an additional 139 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PTC were worth $951,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its holdings in PTC by 3.2% during the 1st quarter. Swiss National Bank now owns 375,600 shares of the technology company’s stock worth $34,623,000 after buying an additional 11,800 shares in the last quarter. Rock Creek Group LP raised its position in shares of PTC by 44.0% during the 1st quarter. Rock Creek Group LP now owns 10,760 shares of the technology company’s stock valued at $992,000 after acquiring an additional 3,290 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of PTC during the 1st quarter valued at $1,231,000. Artisan Partners Limited Partnership raised its position in shares of PTC by 56.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 247,232 shares of the technology company’s stock valued at $22,790,000 after acquiring an additional 88,753 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of PTC by 11.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 667,700 shares of the technology company’s stock valued at $61,549,000 after acquiring an additional 67,200 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James E. Heppelmann sold 15,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen Mitford sold 815 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $91.47, for a total transaction of $74,548.05. Following the transaction, the executive vice president now owns 14,271 shares of the company’s stock, valued at $1,305,368.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,025 shares of company stock valued at $1,705,488. Corporate insiders own 9.91% of the company’s stock.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. The firm had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. PTC had a return on equity of 11.68% and a net margin of 3.06%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, sell-side analysts forecast that PTC Inc will post 1.05 earnings per share for the current year.
Several analysts have commented on PTC shares. Evercore ISI reiterated a “buy” rating and set a $110.00 target price on shares of PTC in a research report on Sunday, April 28th. Deutsche Bank dropped their target price on shares of PTC from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Wedbush cut shares of PTC from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $104.00 to $100.00 in a research report on Thursday, April 25th. ValuEngine cut shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 29th. Finally, TheStreet cut shares of PTC from a “b-” rating to a “c” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.88.
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PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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