PTC Inc (PTC) Holdings Cut by Cowen Prime Services LLC

Cowen Prime Services LLC reduced its position in shares of PTC Inc (NASDAQ:PTC) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,000 shares of the technology company’s stock after selling 2,450 shares during the period. PTC accounts for 1.1% of Cowen Prime Services LLC’s investment portfolio, making the stock its 27th biggest position. Cowen Prime Services LLC’s holdings in PTC were worth $2,442,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of PTC by 2.5% during the 2nd quarter. BlackRock Inc. now owns 10,657,911 shares of the technology company’s stock valued at $999,819,000 after acquiring an additional 260,827 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of PTC by 15.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,711,085 shares of the technology company’s stock valued at $133,482,000 after acquiring an additional 234,656 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,516,888 shares of the technology company’s stock valued at $161,077,000 after acquiring an additional 58,441 shares in the last quarter. Millennium Management LLC grew its holdings in shares of PTC by 225.6% during the 2nd quarter. Millennium Management LLC now owns 1,038,404 shares of the technology company’s stock valued at $97,413,000 after acquiring an additional 719,478 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of PTC by 20.6% during the 2nd quarter. Janus Henderson Group PLC now owns 990,013 shares of the technology company’s stock valued at $92,869,000 after acquiring an additional 169,412 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Shares of NASDAQ:PTC opened at $79.05 on Tuesday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 87.83, a price-to-earnings-growth ratio of 2.71 and a beta of 1.24. PTC Inc has a 1 year low of $59.40 and a 1 year high of $107.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.89 and a quick ratio of 0.88.



PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $312.52 million during the quarter, compared to analysts’ expectations of $322.00 million. PTC had a net margin of 4.19% and a return on equity of 11.97%. PTC’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, equities analysts anticipate that PTC Inc will post 0.91 EPS for the current year.

In other PTC news, Director Phillip M. Fernandez sold 250 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $102.46, for a total transaction of $25,615.00. Following the completion of the sale, the director now directly owns 20,912 shares in the company, valued at $2,142,643.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 1,405 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $92.58, for a total transaction of $130,074.90. The disclosure for this sale can be found here. Insiders have sold 71,608 shares of company stock valued at $6,625,938 over the last 90 days. Corporate insiders own 1.19% of the company’s stock.

Several equities analysts have recently commented on PTC shares. Guggenheim initiated coverage on shares of PTC in a report on Tuesday, August 7th. They set a “buy” rating and a $115.00 price target on the stock. Mitsubishi UFJ Financial Group upped their price objective on shares of PTC to $81.00 and gave the stock a “neutral” rating in a report on Thursday, July 19th. BidaskClub cut shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Berenberg Bank reiterated a “buy” rating and issued a $115.00 price objective on shares of PTC in a report on Thursday, July 19th. Finally, Zacks Investment Research upgraded shares of PTC from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 25th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $98.63.

PTC Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Read More: Do stock splits help investors?

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc (NASDAQ:PTC).

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply