Dupont Capital Management Corp decreased its holdings in PTC Inc (NASDAQ:PTC) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,975 shares of the technology company’s stock after selling 303 shares during the quarter. Dupont Capital Management Corp’s holdings in PTC were worth $698,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Candriam Luxembourg S.C.A. lifted its position in PTC by 5.2% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 280,245 shares of the technology company’s stock valued at $21,801,000 after acquiring an additional 13,958 shares in the last quarter. Strs Ohio lifted its position in PTC by 1,021.0% in the 2nd quarter. Strs Ohio now owns 15,873 shares of the technology company’s stock valued at $1,234,000 after acquiring an additional 14,457 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in PTC in the 2nd quarter valued at about $237,000. First Trust Advisors LP increased its stake in PTC by 424.9% in the 2nd quarter. First Trust Advisors LP now owns 25,957 shares of the technology company’s stock valued at $2,019,000 after buying an additional 21,012 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in PTC by 72.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 5,401 shares of the technology company’s stock valued at $420,000 after buying an additional 2,262 shares during the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.
PTC stock opened at $85.56 on Friday. PTC Inc has a 1-year low of $43.90 and a 1-year high of $89.07. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 114.08, a P/E/G ratio of 1.63 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.04. The firm has a 50 day simple moving average of $79.58 and a 200 day simple moving average of $73.66.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. PTC had a net margin of 6.21% and a return on equity of 17.29%. The business had revenue of $352.00 million during the quarter, compared to analyst estimates of $333.22 million. During the same period in the previous year, the business earned $0.36 EPS. PTC’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that PTC Inc will post 1.59 EPS for the current year.
Several research firms have commented on PTC. ValuEngine lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank of Canada increased their price objective on shares of PTC from $82.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday. Rosenblatt Securities increased their price objective on shares of PTC from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of PTC in a research note on Thursday, July 9th. Finally, Mizuho increased their price objective on shares of PTC from $95.00 to $100.00 in a research note on Thursday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $99.18.
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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