First Trust Advisors LP boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,006 shares of the technology company’s stock after buying an additional 4,898 shares during the period. First Trust Advisors LP owned about 0.12% of PTC worth $7,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PTC. Toronto Dominion Bank raised its stake in shares of PTC by 10.0% in the first quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock valued at $130,000 after buying an additional 225 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of PTC during the first quarter valued at about $132,000. US Bancorp DE raised its stake in shares of PTC by 56.2% in the second quarter. US Bancorp DE now owns 2,604 shares of the technology company’s stock valued at $144,000 after buying an additional 937 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of PTC during the first quarter valued at about $177,000. Finally, Flinton Capital Management LLC raised its stake in shares of PTC by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,456 shares of the technology company’s stock valued at $182,000 after buying an additional 288 shares during the last quarter. 98.15% of the stock is owned by institutional investors.

Shares of PTC Inc. (NASDAQ PTC) opened at 55.16 on Monday. PTC Inc. has a 12-month low of $41.40 and a 12-month high of $60.22. The company’s market capitalization is $6.38 billion. The company’s 50-day moving average is $55.18 and its 200-day moving average is $54.94.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $291.92 million during the quarter, compared to analysts’ expectations of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. Analysts predict that PTC Inc. will post $1.20 EPS for the current year.

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Several equities research analysts have issued reports on the stock. Berenberg Bank assumed coverage on shares of PTC in a research report on Wednesday, August 23rd. They set a “buy” rating and a $66.00 target price for the company. BidaskClub lowered shares of PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Barclays PLC reiterated an “overweight” rating and set a $65.00 target price (down from $67.00) on shares of PTC in a research report on Saturday, July 22nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $68.00 target price on shares of PTC in a research report on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of PTC in a research report on Monday, July 17th. They set a “neutral” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.47.

In related news, EVP Barry F. Cohen sold 27,374 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the transaction, the executive vice president now owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the transaction, the director now directly owns 62,300 shares in the company, valued at approximately $3,349,871. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,329 shares of company stock valued at $3,588,097. Company insiders own 1.02% 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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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