TD Asset Management Inc. Decreases Stake in PTC Inc. (PTC)

TD Asset Management Inc. reduced its stake in PTC Inc. (NASDAQ:PTC) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 538,477 shares of the technology company’s stock after selling 8,580 shares during the period. TD Asset Management Inc.’s holdings in PTC were worth $29,681,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PTC. Candriam Luxembourg S.C.A. boosted its stake in shares of PTC by 167.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 80,521 shares of the technology company’s stock valued at $4,232,000 after buying an additional 50,423 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of PTC by 3.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 452,508 shares of the technology company’s stock valued at $23,779,000 after buying an additional 14,904 shares during the period. Retirement Systems of Alabama boosted its stake in shares of PTC by 7.4% in the first quarter. Retirement Systems of Alabama now owns 219,396 shares of the technology company’s stock valued at $11,529,000 after buying an additional 15,110 shares during the period. Columbus Circle Investors acquired a new stake in shares of PTC during the first quarter valued at approximately $13,882,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of PTC by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the technology company’s stock valued at $1,534,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 96.40% of the company’s stock.

Shares of PTC Inc. (PTC) opened at 52.54 on Friday. PTC Inc. has a 12-month low of $41.14 and a 12-month high of $60.22. The firm’s market cap is $6.07 billion. The firm’s 50-day moving average price is $55.95 and its 200 day moving average price is $54.84.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The firm had revenue of $291.92 million for the quarter, compared to analysts’ expectations of $290.55 million. During the same quarter last year, the business earned $0.26 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PTC Inc. will post $1.20 earnings per share for the current fiscal year.

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Several brokerages have commented on PTC. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $68.00 price target on shares of PTC in a research report on Thursday, July 20th. Pacific Crest boosted their price target on shares of PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) began coverage on shares of PTC in a research report on Monday, July 17th. They issued a “neutral” rating and a $62.00 price target on the stock. Barclays PLC reiterated an “overweight” rating and issued a $65.00 price target (down from $67.00) on shares of PTC in a research report on Saturday, July 22nd. Finally, BidaskClub cut shares of PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.25.

In other PTC news, VP Staats Aaron C. Von sold 5,750 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $55.26, for a total transaction of $317,745.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the transaction, the director now owns 62,300 shares in the company, valued at approximately $3,349,871. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,329 shares of company stock worth $3,588,097. Company insiders own 1.11% 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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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