Kennedy Capital Management Inc. Sells 8,473 Shares of PTC Inc. (PTC)

Kennedy Capital Management Inc. decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,892 shares of the technology company’s stock after selling 8,473 shares during the period. Kennedy Capital Management Inc.’s holdings in PTC were worth $7,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PTC. Norges Bank bought a new position in shares of PTC during the fourth quarter worth approximately $38,991,000. Westport Asset Management Inc. bought a new position in shares of PTC during the fourth quarter worth approximately $1,902,000. UBS Asset Management Americas Inc. raised its position in shares of PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock worth $67,431,000 after buying an additional 1,370,223 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of PTC by 1.3% in the first quarter. Mason Street Advisors LLC now owns 54,668 shares of the technology company’s stock worth $2,873,000 after buying an additional 713 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of PTC during the first quarter worth approximately $2,899,000. 96.40% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

Shares of PTC Inc. (PTC) traded down 0.50% during mid-day trading on Tuesday, reaching $57.14. The company had a trading volume of 283,464 shares. The company’s market capitalization is $6.60 billion. The firm’s 50-day moving average is $55.90 and its 200 day moving average is $52.79. PTC Inc. has a 12 month low of $34.68 and a 12 month high of $60.15.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 19th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. PTC had a positive return on equity of 7.22% and a negative net margin of 3.12%. The company had revenue of $280 million for the quarter, compared to the consensus estimate of $283.81 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts predict that PTC Inc. will post $1.21 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/2656027/kennedy-capital-management-inc-sells-8473-shares-of-ptc-inc-ptc.html.

A number of research analysts have recently commented on PTC shares. Wedbush increased their price objective on PTC from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. Seaport Global Securities started coverage on PTC in a report on Wednesday, March 1st. They set a “buy” rating and a $69.00 price objective on the stock. Robert W. Baird started coverage on PTC in a report on Wednesday, May 10th. They set an “outperform” rating and a $65.00 price objective on the stock. Barclays PLC increased their price objective on PTC from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Finally, Royal Bank Of Canada increased their price objective on PTC from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.73.

In related news, Director Robert Schechter sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $52.86, for a total value of $75,061.20. Following the completion of the sale, the director now directly owns 65,954 shares in the company, valued at $3,486,328.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Staats Aaron C. Von sold 8,625 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $54.38, for a total value of $469,027.50. The disclosure for this sale can be found here. Insiders sold 38,353 shares of company stock worth $2,080,765 in the last ninety days. 1.02% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PTC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.