Valinor Management L.P. Acquires 130,700 Shares of PTC Inc (NASDAQ:PTC)

Valinor Management L.P. increased its holdings in PTC Inc (NASDAQ:PTC) by 18.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 837,918 shares of the technology company’s stock after acquiring an additional 130,700 shares during the period. PTC makes up about 3.4% of Valinor Management L.P.’s holdings, making the stock its 15th largest holding. Valinor Management L.P. owned approximately 0.71% of PTC worth $69,463,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PTC. BlackRock Inc. grew its holdings in shares of PTC by 10.1% during the fourth quarter. BlackRock Inc. now owns 11,472,093 shares of the technology company’s stock worth $951,035,000 after purchasing an additional 1,055,829 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of PTC by 8,190.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after purchasing an additional 3,455,607 shares during the last quarter. Praesidium Investment Management Company LLC grew its holdings in shares of PTC by 0.8% during the fourth quarter. Praesidium Investment Management Company LLC now owns 1,812,649 shares of the technology company’s stock worth $150,269,000 after buying an additional 14,386 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 13.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,717,008 shares of the technology company’s stock worth $142,340,000 after buying an additional 200,120 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of PTC by 8.6% during the third quarter. Allianz Asset Management GmbH now owns 1,672,242 shares of the technology company’s stock worth $177,575,000 after buying an additional 133,078 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

In other PTC news, insider James E. Heppelmann sold 85,740 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $84.86, for a total value of $7,275,896.40. Following the transaction, the insider now owns 679,391 shares in the company, valued at approximately $57,653,120.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Miller sold 44,462 shares of the business’s stock in a transaction on Friday, March 1st. The stock was 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. Over the last ninety days, insiders have sold 154,127 shares of company stock valued at $13,548,383. 9.91% of the stock is owned by corporate insiders.

Shares of NASDAQ PTC traded down $0.60 during trading on Monday, hitting $97.99. 678,560 shares of the company traded hands, compared to its average volume of 1,143,819. PTC Inc has a 1 year low of $76.67 and a 1 year high of $107.44. The stock has a market capitalization of $11.70 billion, a PE ratio of 108.88, a P/E/G ratio of 2.59 and a beta of 1.25. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.15. PTC had a net margin of 4.65% and a return on equity of 12.70%. The company had revenue of $334.96 million during the quarter, compared to analysts’ expectations of $324.70 million. During the same period in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that PTC Inc will post 1.07 EPS for the current fiscal year.

A number of equities research analysts recently commented on PTC shares. Stifel Nicolaus started coverage on shares of PTC in a research report on Tuesday, December 18th. They issued a “buy” rating and a $105.00 price objective for the company. BidaskClub upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. Deutsche Bank started coverage on shares of PTC in a research report on Wednesday, January 16th. They issued a “buy” rating and a $115.00 price objective for the company. Guggenheim set a $100.00 price objective on shares of PTC and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Finally, Mitsubishi UFJ Financial Group reduced their price objective on shares of PTC from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, January 24th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $104.18.

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PTC 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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