Credit Suisse AG Boosts Stake in PTC Inc (PTC)

Credit Suisse AG lifted its position in shares of PTC Inc (NASDAQ:PTC) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,918 shares of the technology company’s stock after acquiring an additional 17,069 shares during the quarter. Credit Suisse AG owned approximately 0.10% of PTC worth $12,523,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Broadview Advisors LLC boosted its stake in PTC by 1.1% in the 3rd quarter. Broadview Advisors LLC now owns 89,794 shares of the technology company’s stock worth $9,535,000 after purchasing an additional 1,000 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of PTC by 146.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 309,000 shares of the technology company’s stock valued at $32,813,000 after acquiring an additional 183,400 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of PTC by 19.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 150,986 shares of the technology company’s stock valued at $14,933,000 after acquiring an additional 24,786 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of PTC in the 3rd quarter valued at about $3,626,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of PTC in the 3rd quarter valued at about $631,000. Institutional investors own 91.62% of the company’s stock.

Shares of NASDAQ PTC opened at $87.52 on Friday. The stock has a market cap of $10.37 billion, a P/E ratio of 97.24, a PEG ratio of 2.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. PTC Inc has a 1-year low of $59.40 and a 1-year high of $107.44.



PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $312.52 million for the quarter, compared to analysts’ expectations of $322.00 million. PTC had a return on equity of 11.97% and a net margin of 4.19%. PTC’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. As a group, equities analysts expect that PTC Inc will post 1.11 earnings per share for the current year.

In related news, EVP Barry F. Cohen sold 47,194 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $84.94, for a total transaction of $4,008,658.36. Following the transaction, the executive vice president now directly owns 55,002 shares in the company, valued at approximately $4,671,869.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andrew Miller sold 46,524 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $85.44, for a total value of $3,975,010.56. Following the transaction, the chief financial officer now owns 80,769 shares in the company, valued at $6,900,903.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,231 shares of company stock worth $12,779,065. 1.19% of the stock is currently owned by insiders.

PTC has been the topic of several recent analyst reports. BidaskClub cut PTC from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Cowen set a $105.00 price target on PTC and gave the company a “buy” rating in a report on Sunday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on PTC to $96.00 in a report on Friday, October 26th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $98.63.

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PTC 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.

Read More: Preferred Stock

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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