Loomis Sayles & Co. L P grew its holdings in PTC Inc (NASDAQ:PTC) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 157,968 shares of the technology company’s stock after acquiring an additional 2,016 shares during the quarter. Loomis Sayles & Co. L P’s holdings in PTC were worth $16,775,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its position in PTC by 9.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 7,690 shares of the technology company’s stock worth $817,000 after buying an additional 633 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in PTC by 33.0% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,645 shares of the technology company’s stock worth $281,000 after buying an additional 657 shares in the last quarter. Aperio Group LLC grew its position in PTC by 2.5% during the second quarter. Aperio Group LLC now owns 27,421 shares of the technology company’s stock worth $2,572,000 after buying an additional 658 shares in the last quarter. CIBC Asset Management Inc grew its position in PTC by 16.1% during the third quarter. CIBC Asset Management Inc now owns 4,841 shares of the technology company’s stock worth $514,000 after buying an additional 671 shares in the last quarter. Finally, Bank of Montreal Can grew its position in PTC by 4.3% during the second quarter. Bank of Montreal Can now owns 19,053 shares of the technology company’s stock worth $1,788,000 after buying an additional 779 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.
In other news, Director Phillip M. Fernandez sold 250 shares of PTC stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $102.46, for a total value of $25,615.00. Following the completion of the transaction, the director now owns 20,912 shares in the company, valued at $2,142,643.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $88.14, for a total transaction of $440,700.00. Following the completion of the transaction, the director now owns 66,007 shares of the company’s stock, valued at approximately $5,817,856.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,231 shares of company stock valued at $12,779,065. Corporate insiders own 1.19% of the company’s stock.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $312.52 million during the quarter, compared to analysts’ expectations of $322.00 million. PTC had a net margin of 4.19% and a return on equity of 11.97%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that PTC Inc will post 1.11 earnings per share for the current fiscal year.
A number of research firms recently weighed in on PTC. BidaskClub downgraded PTC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Cowen set a $105.00 target price on PTC and gave the stock a “buy” rating in a research report on Sunday, October 28th. Finally, JPMorgan Chase & Co. decreased their target price on PTC to $96.00 in a research report on Friday, October 26th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $98.63.
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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.
Further Reading: Buyback
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