Moody National Bank Trust Division continued to hold its position in shares of PTC Inc (NASDAQ:PTC) during the first quarter, Holdings Channel reports. The firm owned 9,595 shares of the technology company’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in PTC were worth $504,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in PTC. Meeder Asset Management Inc. purchased a new position in shares of PTC during the third quarter valued at about $114,000. Flinton Capital Management LLC purchased a new position in shares of PTC during the fourth quarter valued at about $147,000. DIAM Co. Ltd. purchased a new position in shares of PTC during the third quarter valued at about $172,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PTC by 10.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,957 shares of the technology company’s stock valued at $220,000 after buying an additional 449 shares during the last quarter. Finally, Trent Capital Management Inc. NC purchased a new position in shares of PTC during the fourth quarter valued at about $281,000. 97.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of PTC Inc (NASDAQ:PTC) traded down 1.98% during trading on Friday, reaching $51.93. 1,358,510 shares of the company traded hands. The firm’s market capitalization is $6.01 billion. The firm has a 50-day moving average price of $53.62 and a 200-day moving average price of $50.02. PTC Inc has a 12 month low of $34.64 and a 12 month high of $56.73.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. PTC had a negative net margin of 3.50% and a positive return on equity of 7.04%. The company had revenue of $280 million for the quarter, compared to analyst estimates of $283.81 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that PTC Inc will post $1.26 EPS for the current year.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Guggenheim assumed coverage on shares of PTC in a research note on Wednesday, April 12th. They set a “neutral” rating and a $50.00 price objective on the stock. They noted that the move was a valuation call. Evercore ISI reissued a “buy” rating and set a $65.00 price objective on shares of PTC in a research note on Thursday. Seaport Global Securities assumed coverage on shares of PTC in a research note on Wednesday, March 1st. They set a “buy” rating and a $69.00 price objective on the stock. Finally, Wedbush reissued an “outperform” rating and set a $59.00 price objective (up previously from $56.00) on shares of PTC in a research note on Thursday, January 19th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $60.31.
In other news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $52.22, for a total value of $1,305,500.00. Following the transaction, the insider now owns 611,022 shares of the company’s stock, valued at $31,907,568.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Phillip M. Fernandez sold 500 shares of PTC stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $55.62, for a total transaction of $27,810.00. Following the completion of the transaction, the director now directly owns 12,575 shares in the company, valued at approximately $699,421.50. The disclosure for this sale can be found here. In the last three months, insiders sold 77,553 shares of company stock worth $4,009,526. Insiders own 1.02% of the company’s stock.
PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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