Peregrine Capital Management LLC Has $37.42 Million Stake in PTC Inc (PTC)

Peregrine Capital Management LLC cut its stake in PTC Inc (NASDAQ:PTC) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,935 shares of the technology company’s stock after selling 8,067 shares during the period. PTC makes up approximately 0.9% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Peregrine Capital Management LLC owned approximately 0.34% of PTC worth $37,419,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PTC. BlackRock Inc. boosted its position in shares of PTC by 10.1% during the 4th quarter. BlackRock Inc. now owns 11,472,093 shares of the technology company’s stock valued at $951,035,000 after acquiring an additional 1,055,829 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in PTC by 8,190.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock valued at $42,000 after purchasing an additional 3,455,607 shares during the last quarter. Norges Bank bought a new position in PTC during the 4th quarter valued at about $197,240,000. Praesidium Investment Management Company LLC lifted its holdings in PTC by 0.8% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,812,649 shares of the technology company’s stock valued at $150,269,000 after purchasing an additional 14,386 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of PTC by 13.2% in 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 acquiring an additional 200,120 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

A number of equities analysts have weighed in on PTC shares. TheStreet raised shares of PTC from a “c+” rating to a “b-” rating in a research note on Monday, February 25th. Guggenheim set a $100.00 target price on shares of PTC and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Deutsche Bank assumed coverage on shares of PTC in a research note on Wednesday, January 16th. They issued a “buy” rating and a $115.00 target price for the company. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Finally, Barclays reissued a “buy” rating and set a $104.00 price target on shares of PTC in a research note on Friday, January 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $103.88.

In related news, insider James E. Heppelmann sold 15,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 2,260 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $91.47, for a total transaction of $206,722.20. Following the sale, the director now directly owns 5,497 shares in the company, valued at $502,810.59. The disclosure for this sale can be found here. Insiders have sold 68,487 shares of company stock valued at $6,322,997 in the last 90 days. 9.91% of the stock is currently owned by corporate insiders.

Shares of PTC stock traded up $0.55 on Friday, hitting $88.42. The company had a trading volume of 1,014,456 shares, compared to its average volume of 1,227,167. The stock has a market capitalization of $10.49 billion, a PE ratio of 98.24, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. PTC Inc has a twelve month low of $76.67 and a twelve month high of $107.44. The company has a quick ratio of 1.48, a current ratio of 0.83 and a debt-to-equity ratio of 0.81.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. PTC had a net margin of 3.06% and a return on equity of 12.67%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Equities analysts anticipate that PTC Inc will post 1.03 EPS for the current fiscal year.

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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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