D.A. Davidson & CO. Buys Shares of 3,457 PTC Inc (PTC)

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D.A. Davidson & CO. bought a new stake in shares of PTC Inc (NASDAQ:PTC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,457 shares of the technology company’s stock, valued at approximately $287,000.

Other institutional investors have also modified their holdings of the company. Three Peaks Capital Management LLC increased its holdings in PTC by 5.8% during the 4th quarter. Three Peaks Capital Management LLC now owns 34,607 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 1,902 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in PTC by 133.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 49,764 shares of the technology company’s stock worth $4,098,000 after purchasing an additional 28,484 shares in the last quarter. Arizona State Retirement System increased its holdings in PTC by 1.8% during the 4th quarter. Arizona State Retirement System now owns 76,660 shares of the technology company’s stock worth $6,355,000 after purchasing an additional 1,361 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PTC by 204.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,663 shares of the technology company’s stock worth $1,879,000 after purchasing an additional 15,215 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in PTC by 10.8% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,137,142 shares of the technology company’s stock worth $94,269,000 after purchasing an additional 110,772 shares in the last quarter. Institutional investors own 94.49% of the company’s stock.

In related news, CFO Andrew Miller sold 46,524 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $85.44, for a total value of $3,975,010.56. Following the completion of the sale, the chief financial officer now directly owns 80,769 shares in the company, valued at approximately $6,900,903.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $87.97, for a total transaction of $1,319,550.00. Following the completion of the sale, the insider now owns 718,898 shares of the company’s stock, valued at $63,241,457.06. The disclosure for this sale can be found here. Insiders sold a total of 248,971 shares of company stock valued at $21,346,056 over the last quarter. 9.91% of the stock is currently owned by company insiders.

PTC has been the subject of a number of research reports. Mitsubishi UFJ Financial Group lowered their target price on PTC from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Deutsche Bank initiated coverage on PTC in a report on Wednesday, January 16th. They set a “buy” rating and a $115.00 target price for the company. Zacks Investment Research upgraded PTC from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Friday. Stifel Nicolaus started coverage on PTC in a report on Tuesday, December 18th. They set a “buy” rating and a $105.00 target price for the company. Finally, BidaskClub downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $101.19.

PTC stock opened at $87.81 on Tuesday. PTC Inc has a one year low of $67.29 and a one year high of $107.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $10.35 billion, a PE ratio of 97.57, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. PTC had a net margin of 4.65% and a return on equity of 12.70%. The company had revenue of $334.96 million during the quarter, compared to the consensus estimate of $324.70 million. During the same period in the prior year, the business posted $0.31 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that PTC Inc will post 1.09 earnings per share for the current fiscal year.

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About PTC

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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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