PTC Inc (NASDAQ:PTC) Shares Acquired by Squarepoint Ops LLC

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Squarepoint Ops LLC lifted its holdings in shares of PTC Inc (NASDAQ:PTC) by 3,636.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,638 shares of the technology company’s stock after purchasing an additional 88,212 shares during the quarter. Squarepoint Ops LLC’s holdings in PTC were worth $6,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in PTC by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 34,694 shares of the technology company’s stock valued at $2,365,000 after purchasing an additional 176 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of PTC during the third quarter worth $109,000. California State Teachers Retirement System grew its stake in shares of PTC by 1.2% in the third quarter. California State Teachers Retirement System now owns 173,405 shares of the technology company’s stock valued at $11,823,000 after buying an additional 1,995 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in shares of PTC by 76.1% in the third quarter. Pictet Asset Management Ltd. now owns 2,202,639 shares of the technology company’s stock valued at $150,176,000 after buying an additional 951,754 shares in the last quarter. Finally, Andra AP fonden raised its holdings in shares of PTC by 4.0% in the 3rd quarter. Andra AP fonden now owns 33,500 shares of the technology company’s stock valued at $2,284,000 after buying an additional 1,300 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on PTC shares. Evercore ISI reissued a “buy” rating and set a $104.00 target price on shares of PTC in a research note on Sunday, November 24th. Mizuho reaffirmed a “buy” rating and issued a $80.00 target price on shares of PTC in a research report on Tuesday, November 26th. ValuEngine upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays initiated coverage on shares of PTC in a research report on Monday, November 4th. They set an “overweight” rating and a $81.00 price target on the stock. Finally, Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.47.

In related news, EVP Kathleen Mitford sold 340 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.50, for a total value of $26,010.00. Following the transaction, the executive vice president now owns 20,592 shares of the company’s stock, valued at $1,575,288. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James E. Heppelmann sold 25,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $74.65, for a total value of $1,866,250.00. Over the last three months, insiders have sold 26,553 shares of company stock valued at $1,979,228. Corporate insiders own 9.91% of the company’s stock.

PTC opened at $75.92 on Tuesday. PTC Inc has a 12 month low of $62.05 and a 12 month high of $102.47. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 83.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $70.92 and a 200 day moving average price of $75.25.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $333.86 million. PTC had a return on equity of 12.23% and a net margin of 2.33%. PTC’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. On average, research analysts anticipate that PTC Inc will post 1.4 earnings per share for the current year.

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: Stocks Increasing Dividends

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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