Kornitzer Capital Management Inc. KS acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,000 shares of the technology company's stock, valued at approximately $1,626,000.
Several other large investors also recently modified their holdings of PTC. Olympiad Research LP bought a new stake in shares of PTC in the 3rd quarter worth about $418,000. Principal Financial Group Inc. boosted its position in PTC by 3.8% in the third quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company's stock valued at $26,931,000 after buying an additional 5,403 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in PTC by 3.8% during the third quarter. Asset Management One Co. Ltd. now owns 44,640 shares of the technology company's stock worth $8,065,000 after buying an additional 1,651 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in PTC by 1.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 166,764 shares of the technology company's stock worth $30,128,000 after buying an additional 2,612 shares during the last quarter. Finally, BSW Wealth Partners increased its holdings in shares of PTC by 36.2% during the third quarter. BSW Wealth Partners now owns 1,825 shares of the technology company's stock worth $330,000 after buying an additional 485 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.
PTC Trading Up 1.5 %
NASDAQ PTC traded up $2.78 during trading hours on Friday, hitting $192.83. The company's stock had a trading volume of 1,598,923 shares, compared to its average volume of 808,537. The stock has a fifty day moving average of $180.03 and a 200 day moving average of $178.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a twelve month low of $148.01 and a twelve month high of $199.48. The firm has a market capitalization of $23.17 billion, a P/E ratio of 62.00, a PEG ratio of 2.91 and a beta of 1.17.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The business had revenue of $626.55 million for the quarter, compared to analyst estimates of $620.49 million. PTC had a return on equity of 14.99% and a net margin of 16.37%. Equities research analysts forecast that PTC Inc. will post 4.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Janice Chaffin sold 4,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the sale, the director now owns 44,137 shares in the company, valued at $7,562,433.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.17% of the stock is owned by insiders.
Wall Street Analyst Weigh In
PTC has been the topic of a number of research analyst reports. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research report on Friday. Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a report on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Berenberg Bank downgraded shares of PTC from a "buy" rating to a "hold" rating and reduced their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.83.
Check Out Our Latest Analysis on PTC
About PTC
(
Free Report)
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.
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