Cramer Rosenthal Mcglynn LLC Has $66.14 Million Holdings in PTC Inc (NASDAQ:PTC)

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Cramer Rosenthal Mcglynn LLC cut its position in shares of PTC Inc (NASDAQ:PTC) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 736,821 shares of the technology company’s stock after selling 151,250 shares during the quarter. PTC comprises about 1.8% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 14th largest position. Cramer Rosenthal Mcglynn LLC owned 0.64% of PTC worth $66,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of PTC by 4.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock worth $248,000 after buying an additional 112 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in PTC by 1.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,355 shares of the technology company’s stock worth $951,000 after acquiring an additional 139 shares in the last quarter. Optimum Investment Advisors boosted its stake in PTC by 7.7% during the second quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock worth $251,000 after acquiring an additional 200 shares in the last quarter. Tiverton Asset Management LLC boosted its stake in PTC by 8.5% during the second quarter. Tiverton Asset Management LLC now owns 2,794 shares of the technology company’s stock worth $251,000 after acquiring an additional 219 shares in the last quarter. Finally, Magnus Financial Group LLC boosted its stake in PTC by 8.1% during the first quarter. Magnus Financial Group LLC now owns 3,489 shares of the technology company’s stock worth $322,000 after acquiring an additional 262 shares in the last quarter. Institutional investors own 91.75% of the company’s stock.

Shares of PTC stock traded up $0.25 during trading hours on Friday, reaching $66.65. The company’s stock had a trading volume of 960 shares, compared to its average volume of 1,046,815. PTC Inc has a one year low of $62.05 and a one year high of $107.44. The company has a market capitalization of $7.72 billion, a P/E ratio of 74.00, a P/E/G ratio of 1.99 and a beta of 1.14. The stock’s fifty day simple moving average is $67.20 and its two-hundred day simple moving average is $84.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 10.44%. The firm had revenue of $322.40 million for the quarter, compared to analyst estimates of $322.42 million. During the same period last year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that PTC Inc will post 1.09 earnings per share for the current year.

In related news, EVP Staats Aaron C. Von sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $73.33, for a total transaction of $219,990.00. Following the transaction, the executive vice president now directly owns 14,154 shares of the company’s stock, valued at $1,037,912.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew Lessner Cohen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at $2,310,480. The disclosure for this sale can be found here. Insiders sold 19,793 shares of company stock worth $1,586,532 over the last ninety days. Insiders own 9.91% of the company’s stock.

PTC has been the topic of several research analyst reports. Evercore ISI set a $104.00 target price on shares of PTC and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Zacks Investment Research lowered shares of PTC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Rosenblatt Securities initiated coverage on shares of PTC in a research note on Wednesday, August 21st. They set a “buy” rating and a $83.00 target price on the stock. Citigroup set a $89.00 target price on shares of PTC and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus lowered shares of PTC from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $84.00 in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. PTC presently has a consensus rating of “Hold” and a consensus target price of $92.13.

About PTC

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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