Toronto Dominion Bank decreased its position in shares of PTC Inc (NASDAQ:PTC) by 23.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,196 shares of the technology company’s stock after selling 5,192 shares during the period. Toronto Dominion Bank’s holdings in PTC were worth $1,543,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PTC. BlackRock Inc. increased its holdings in shares of PTC by 9.3% during the 1st quarter. BlackRock Inc. now owns 12,536,242 shares of the technology company’s stock worth $1,155,590,000 after purchasing an additional 1,064,149 shares during the period. OZ Management LP increased its holdings in shares of PTC by 23.2% during the 1st quarter. OZ Management LP now owns 2,586,970 shares of the technology company’s stock worth $238,467,000 after purchasing an additional 487,739 shares during the period. Impax Asset Management Group plc increased its holdings in shares of PTC by 11.6% during the 2nd quarter. Impax Asset Management Group plc now owns 1,665,973 shares of the technology company’s stock worth $149,538,000 after purchasing an additional 173,600 shares during the period. Lazard Asset Management LLC increased its holdings in shares of PTC by 3.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,517,070 shares of the technology company’s stock worth $139,843,000 after purchasing an additional 46,070 shares during the period. Finally, Marshall Wace North America L.P. increased its holdings in shares of PTC by 13.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,465,385 shares of the technology company’s stock worth $135,079,000 after purchasing an additional 179,090 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PTC traded down $0.89 on Wednesday, reaching $66.57. The company’s stock had a trading volume of 240,919 shares, compared to its average volume of 1,022,494. The firm has a market cap of $7.67 billion, a PE ratio of 73.96 and a beta of 1.14. The business has a 50-day moving average price of $66.18 and a 200 day moving average price of $83.93. PTC Inc has a 52 week low of $62.05 and a 52 week high of $107.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.57.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.18. The business had revenue of $322.40 million for the quarter, compared to analysts’ expectations of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Analysts anticipate that PTC Inc will post 1.09 earnings per share for the current fiscal year.

Several research firms have recently issued reports on PTC. Royal Bank of Canada downgraded shares of PTC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $110.00 to $85.00 in a report on Thursday, July 25th. Griffin Securities downgraded shares of PTC from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Evercore ISI set a $104.00 price objective on shares of PTC and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush dropped their price objective on shares of PTC from $90.00 to $71.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Rosenblatt Securities began coverage on shares of PTC in a report on Wednesday, August 21st. They set a “buy” rating and a $83.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.13.

In other PTC news, Director Corinna Lathan sold 843 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $64.48, for a total transaction of $54,356.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $67.57, for a total transaction of $337,850.00. Following the sale, the director now directly owns 49,797 shares in the company, valued at $3,364,783.29. The disclosure for this sale can be found here. Insiders have sold 19,593 shares of company stock worth $1,569,634 over the last ninety days. Insiders own 9.91% of the company’s stock.

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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