70,000 Shares in PTC Inc (PTC) Purchased by Mondrian Capital Management LLC

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Mondrian Capital Management LLC purchased a new stake in PTC Inc (NASDAQ:PTC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 70,000 shares of the technology company’s stock, valued at approximately $5,803,000. PTC comprises 3.2% of Mondrian Capital Management LLC’s portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently made changes to their positions in PTC. Neuberger Berman Group LLC increased its stake in shares of PTC by 22,755.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 760,863 shares of the technology company’s stock valued at $80,796,000 after acquiring an additional 757,534 shares during the last quarter. PointState Capital LP bought a new stake in shares of PTC in the 3rd quarter valued at about $67,294,000. American Century Companies Inc. bought a new stake in shares of PTC in the 3rd quarter valued at about $67,055,000. Franklin Resources Inc. increased its stake in shares of PTC by 507.1% in the 3rd quarter. Franklin Resources Inc. now owns 603,002 shares of the technology company’s stock valued at $64,033,000 after acquiring an additional 503,682 shares during the last quarter. Finally, Ownership Capital B.V. bought a new stake in shares of PTC in the 3rd quarter valued at about $45,745,000. 94.49% of the stock is owned by institutional investors.

A number of brokerages have recently commented on PTC. Zacks Investment Research raised PTC from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Saturday, February 2nd. BidaskClub lowered PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Barclays reaffirmed a “buy” rating and issued a $104.00 price objective on shares of PTC in a research note on Friday, January 25th. Guggenheim set a $100.00 price objective on PTC and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Finally, Stifel Nicolaus began coverage on PTC in a research note on Tuesday, December 18th. They issued a “buy” rating and a $105.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PTC currently has a consensus rating of “Buy” and a consensus price target of $101.19.

In other news, insider James E. Heppelmann sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $87.97, for a total transaction of $1,319,550.00. Following the completion of the sale, the insider now owns 718,898 shares in the company, valued at $63,241,457.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Miller sold 46,524 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $85.44, for a total value of $3,975,010.56. Following the sale, the chief financial officer now owns 80,769 shares of the company’s stock, valued at approximately $6,900,903.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 248,971 shares of company stock valued at $21,346,056. 9.91% of the stock is currently owned by corporate insiders.

Shares of PTC stock opened at $87.81 on Tuesday. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 97.57, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.59. PTC Inc has a fifty-two week low of $67.29 and a fifty-two week high of $107.44.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. The business had revenue of $334.96 million during the quarter, compared to the consensus estimate of $324.70 million. PTC had a return on equity of 12.70% and a net margin of 4.65%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, research analysts anticipate that PTC Inc will post 1.09 earnings per share for the current year.

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PTC 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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