Northern Trust Corp Has $81.31 Million Stake in PTC Inc (PTC)

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Northern Trust Corp grew its stake in PTC Inc (NASDAQ:PTC) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,763 shares of the technology company’s stock after acquiring an additional 109,036 shares during the period. Northern Trust Corp owned 0.83% of PTC worth $81,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of PTC during the fourth quarter worth $31,000. Pearl River Capital LLC bought a new stake in shares of PTC during the fourth quarter worth $58,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of PTC during the third quarter worth $116,000. Penserra Capital Management LLC grew its stake in shares of PTC by 189.4% during the fourth quarter. Penserra Capital Management LLC now owns 1,366 shares of the technology company’s stock worth $112,000 after buying an additional 894 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in shares of PTC during the fourth quarter worth $142,000. Institutional investors own 90.28% of the company’s stock.

In other PTC news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $93.31, for a total value of $466,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Miller sold 44,462 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $93.31, for a total transaction of $4,148,749.22. The disclosure for this sale can be found here. Insiders have sold 150,952 shares of company stock worth $13,254,038 in the last quarter. Company insiders own 9.91% of the company’s stock.

PTC has been the topic of several analyst reports. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Mitsubishi UFJ Financial Group reduced their price objective on shares of PTC from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. Deutsche Bank initiated coverage on shares of PTC in a research note on Wednesday, January 16th. They issued a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research raised shares of PTC from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Friday, February 8th. Finally, Stifel Nicolaus initiated coverage on shares of PTC in a research note on Tuesday, December 18th. They issued a “buy” rating and a $105.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $102.13.

PTC stock opened at $91.66 on Friday. The firm has a market capitalization of $10.83 billion, a P/E ratio of 101.84, a PEG ratio of 2.35 and a beta of 1.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. PTC Inc has a 12-month low of $74.77 and a 12-month high of $107.44.

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

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PTC Company 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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