Brinker Capital Inc. trimmed its holdings in PTC Inc (NASDAQ:PTC) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,429 shares of the technology company’s stock after selling 309 shares during the quarter. Brinker Capital Inc.’s holdings in PTC were worth $961,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Riverview Trust Co bought a new stake in PTC during the fourth quarter valued at about $31,000. Pearl River Capital LLC bought a new stake in PTC during the fourth quarter valued at about $58,000. First Manhattan Co. bought a new stake in PTC during the first quarter valued at about $92,000. Penserra Capital Management LLC boosted its position in PTC by 189.4% during the fourth quarter. Penserra Capital Management LLC now owns 1,366 shares of the technology company’s stock valued at $112,000 after purchasing an additional 894 shares in the last quarter. Finally, Tributary Capital Management LLC bought a new stake in PTC during the fourth quarter valued at about $142,000. Institutional investors and hedge funds own 91.56% of the company’s stock.
PTC has been the subject of several recent analyst reports. KeyCorp initiated coverage on PTC in a report on Wednesday, April 10th. They issued an “overweight” rating and a $111.00 price target for the company. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Bank of America cut PTC from a “neutral” rating to an “underperform” rating and set a $86.00 price objective for the company. in a research note on Thursday, April 25th. Mitsubishi UFJ Financial Group reduced their price objective on PTC from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, January 24th. Finally, Zacks Investment Research upgraded PTC from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Friday, February 8th. 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’s stock. PTC presently has an average rating of “Buy” and a consensus target price of $103.88.
PTC stock traded up $1.19 during trading on Wednesday, hitting $86.52. 566,348 shares of the company traded hands, compared to its average volume of 1,186,430. The stock has a market cap of $9.82 billion, a P/E ratio of 96.13, a P/E/G ratio of 2.62 and a beta of 1.21. PTC Inc has a 1 year low of $76.67 and a 1 year high of $107.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.
PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The business 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 business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. On average, research analysts predict that PTC Inc will post 1.05 earnings per share for the current fiscal year.
In other news, CFO Andrew Miller sold 44,462 shares of PTC stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $4,148,749.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James E. Heppelmann sold 15,000 shares of PTC stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $89.02, for a total value of $1,335,300.00. The disclosure for this sale can be found here. Insiders sold 68,487 shares of company stock valued at $6,322,997 over the last 90 days. Company insiders own 9.91% of the company’s stock.
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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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