Trent Capital Management Inc. NC Acquires Shares of 4,225 PTC Inc. (PTC)
Trent Capital Management Inc. NC acquired a new position in PTC Inc. (NASDAQ:PTC) during the second quarter, Holdings Channel reports. The firm acquired 4,225 shares of the technology company’s stock, valued at approximately $233,000. PTC comprises about 0.3% of Trent Capital Management Inc. NC’s investment portfolio, making the stock its 25th largest position.
Other large investors have also made changes to their positions in 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. Hedge funds and other institutional investors own 96.40% of the company’s stock.
PTC Inc. (NASDAQ:PTC) opened at 53.84 on Thursday. PTC Inc. has a 52 week low of $41.08 and a 52 week high of $60.22. The company has a 50 day moving average price of $56.08 and a 200-day moving average price of $54.86. The company’s market capitalization is $6.22 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. 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 firm posted $0.26 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that PTC Inc. will post $1.20 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was reported by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/trent-capital-management-inc-nc-acquires-shares-of-4225-ptc-inc-ptc/1467153.html.
A number of equities research analysts have recently weighed in on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $68.00 price target on shares of PTC in a research note on Thursday, July 20th. Pacific Crest raised their price target on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) assumed coverage on PTC in a research note on Monday, July 17th. They set a “neutral” rating and a $62.00 price target for the company. Barclays PLC reaffirmed an “overweight” rating and set a $65.00 price target (down from $67.00) on shares of PTC in a research note on Saturday, July 22nd. Finally, BidaskClub downgraded PTC from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $62.25.
In other PTC news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $3,349,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $1,496,536.58. Following the completion of the sale, the executive vice president now owns 79,729 shares in the company, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. Insiders have sold 65,329 shares of company stock valued at $3,588,097 over the last three months. Insiders own 1.11% 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.
Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC).
Receive News & Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.