Schwab Charles Investment Management Inc. decreased its position in PTC Inc (NASDAQ:PTC) by 20.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 461,442 shares of the technology company’s stock after selling 118,344 shares during the period. Schwab Charles Investment Management Inc. owned about 0.40% of PTC worth $25,970,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in shares of PTC by 0.6% during the second quarter. Teacher Retirement System of Texas now owns 9,250 shares of the technology company’s stock valued at $510,000 after acquiring an additional 54 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of PTC by 7.4% during the second quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock valued at $150,000 after acquiring an additional 186 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of PTC by 1.0% during the second quarter. Utah Retirement Systems now owns 21,000 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PTC by 6.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,092 shares of the technology company’s stock valued at $226,000 after acquiring an additional 247 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of PTC by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 5,860 shares of the technology company’s stock valued at $323,000 after acquiring an additional 267 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

PTC has been the topic of a number of research analyst reports. Berenberg Bank initiated coverage on PTC in a research note on Wednesday, August 23rd. They issued 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 stock a “buy” rating in a research note on Monday, August 28th. Robert W. Baird reissued a “buy” rating and issued a $65.00 price target on shares of PTC in a research note on Thursday, August 31st. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 price target on shares of PTC in a research note on Monday, September 4th. Finally, BidaskClub lowered PTC from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $65.88.

Shares of PTC Inc (NASDAQ:PTC) opened at $60.80 on Thursday. The company has a market capitalization of $7,134.74, a PE ratio of 104.14 and a beta of 1.33. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. PTC Inc has a twelve month low of $45.72 and a twelve month high of $67.12.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $306.38 million for the quarter, compared to analysts’ expectations of $306.59 million. PTC had a net margin of 0.54% and a return on equity of 8.08%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. research analysts predict that PTC Inc will post 0.81 earnings per share for the current year.

PTC declared that its Board of Directors has approved a stock repurchase program on Tuesday, September 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other PTC news, Director Paul A. Lacy sold 4,000 shares of PTC stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $65.81, for a total transaction of $263,240.00. Following the sale, the director now directly owns 61,486 shares in the company, valued at approximately $4,046,393.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total value of $1,614,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,924 shares of company stock worth $3,627,304 over the last 90 days. 1.02% of the stock is owned by company insiders.

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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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