Amalgamated Bank grew its holdings in PTC Inc (NASDAQ:PTC) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,123 shares of the technology company’s stock after purchasing an additional 1,238 shares during the period. Amalgamated Bank’s holdings in PTC were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Epoch Investment Partners Inc. increased its stake in PTC by 7.8% in the third quarter. Epoch Investment Partners Inc. now owns 4,657,693 shares of the technology company’s stock worth $262,135,000 after purchasing an additional 337,109 shares during the period. OZ Management LP purchased a new stake in PTC in the third quarter worth $187,542,000. Eagle Asset Management Inc. increased its stake in PTC by 2.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,547,683 shares of the technology company’s stock worth $156,077,000 after purchasing an additional 69,129 shares during the period. Artisan Partners Limited Partnership increased its stake in PTC by 30.8% in the third quarter. Artisan Partners Limited Partnership now owns 2,474,990 shares of the technology company’s stock worth $139,292,000 after purchasing an additional 582,701 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in PTC by 0.9% in the fourth quarter. OppenheimerFunds Inc. now owns 2,437,662 shares of the technology company’s stock worth $148,135,000 after purchasing an additional 21,955 shares during the period. Institutional investors and hedge funds own 99.94% of the company’s stock.
In related news, EVP Anthony Dibona sold 5,464 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $73.97, for a total transaction of $404,172.08. Following the sale, the executive vice president now owns 36,317 shares of the company’s stock, valued at $2,686,368.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Staats Aaron C. Von sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,964 shares of company stock worth $2,765,872. 1.19% of the stock is owned by corporate insiders.
PTC Inc (NASDAQ PTC) opened at $80.72 on Friday. PTC Inc has a 12-month low of $50.68 and a 12-month high of $81.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 1.02. The stock has a market capitalization of $9,440.00, a price-to-earnings ratio of 448.44, a PEG ratio of 2.87 and a beta of 1.42.
PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The business had revenue of $306.44 million for the quarter, compared to the consensus estimate of $300.17 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. research analysts forecast that PTC Inc will post 0.78 earnings per share for the current fiscal year.
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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