TD Asset Management Inc. cut its stake in PTC Inc (NASDAQ:PTC) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 625,029 shares of the technology company’s stock after selling 32,957 shares during the period. TD Asset Management Inc. owned about 0.54% of PTC worth $56,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC bought a new position in PTC during the 2nd quarter worth about $64,000. Machina Capital S.A.S. grew its holdings in PTC by 17,775.0% during the 2nd quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock worth $64,000 after acquiring an additional 711 shares in the last quarter. First Manhattan Co. bought a new position in PTC during the 1st quarter worth about $92,000. Manchester Capital Management LLC bought a new position in PTC during the 1st quarter worth about $115,000. Finally, Pearl River Capital LLC grew its holdings in PTC by 201.7% during the 1st quarter. Pearl River Capital LLC now owns 2,112 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,412 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

In related news, EVP Staats Aaron C. Von sold 3,000 shares of PTC stock in a transaction on Friday, July 26th. The shares were sold at an average price of $73.33, for a total value of $219,990.00. Following the sale, the executive vice president now owns 14,154 shares of the company’s stock, valued at approximately $1,037,912.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of PTC stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the sale, the director now directly owns 49,797 shares in the company, valued at approximately $3,364,783.29. The disclosure for this sale can be found here. Insiders have sold a total of 18,950 shares of company stock valued at $1,536,636 over the last three months. 9.91% of the stock is currently owned by insiders.

Several brokerages have issued reports on PTC. Guggenheim cut shares of PTC from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Deutsche Bank decreased their price target on shares of PTC from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Bank of America reissued an “underperform” rating and set a $65.00 price target (down from $80.00) on shares of PTC in a research report on Thursday, July 25th. ValuEngine lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 29th. Finally, BidaskClub lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $93.13.

PTC traded down $0.95 during trading on Thursday, reaching $62.98. 13,904 shares of the company’s stock were exchanged, compared to its average volume of 1,980,659. PTC Inc has a 1 year low of $62.05 and a 1 year high of $107.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.79 and a quick ratio of 1.32. The stock has a market capitalization of $7.45 billion, a PE ratio of 69.89, a P/E/G ratio of 1.93 and a beta of 1.15. The stock has a fifty day moving average of $80.84.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 11.18%. The company had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. During the same period last year, the firm posted $0.36 EPS. PTC’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that PTC Inc will post 1.09 earnings per share for the current fiscal year.

PTC Company Profile

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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