Vanguard Group Inc. Has $885.17 Million Holdings in PTC Inc (NASDAQ:PTC)

Vanguard Group Inc. cut its holdings in PTC Inc (NASDAQ:PTC) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,861,563 shares of the technology company’s stock after selling 221,051 shares during the quarter. Vanguard Group Inc. owned approximately 8.57% of PTC worth $885,174,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Arlington Partners LLC acquired a new stake in shares of PTC during the second quarter valued at about $64,000. Machina Capital S.A.S. boosted its stake in shares of PTC by 17,775.0% during the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock valued at $64,000 after purchasing an additional 711 shares in the last quarter. Capital Fund Management S.A. boosted its stake in shares of PTC by 133.2% during the second quarter. Capital Fund Management S.A. now owns 2,430 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,388 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of PTC by 4.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock valued at $248,000 after purchasing an additional 112 shares in the last quarter. Finally, Optimum Investment Advisors boosted its stake in shares of PTC by 7.7% during the second quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock valued at $251,000 after purchasing an additional 200 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on PTC shares. Royal Bank of Canada downgraded PTC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $110.00 to $85.00 in a research report on Thursday, July 25th. Mizuho lowered their price objective on PTC from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Griffin Securities downgraded PTC from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Guggenheim downgraded PTC from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, BidaskClub upgraded PTC from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $92.13.

In other PTC news, EVP Matthew Lessner Cohen sold 10,000 shares of PTC stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 25,672 shares in the company, valued at $2,310,480. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 3,000 shares of PTC stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $73.33, for a total value of $219,990.00. Following the completion of the sale, the executive vice president now owns 14,154 shares of the company’s stock, valued at $1,037,912.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,343 shares of company stock valued at $1,547,302. 9.91% of the stock is currently owned by corporate insiders.

PTC stock traded down $0.77 during mid-day trading on Tuesday, reaching $66.74. The company’s stock had a trading volume of 17,617 shares, compared to its average volume of 877,678. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 73.81 and a beta of 1.14. The business’s 50 day moving average price is $66.09 and its 200 day moving average price is $83.17. 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 Inc has a 12 month low of $62.05 and a 12 month high of $107.44.

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