State Board of Administration of Florida Retirement System boosted its stake in shares of PTC Inc (NASDAQ:PTC) by 0.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 151,001 shares of the technology company’s stock after buying an additional 349 shares during the period. State Board of Administration of Florida Retirement System’s holdings in PTC were worth $13,919,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of PTC during the 4th quarter worth approximately $31,000. Oregon Public Employees Retirement Fund grew its stake in shares of PTC by 8,190.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock valued at $42,000 after buying an additional 3,455,607 shares in the last quarter. Pearl River Capital LLC bought a new position in shares of PTC in the fourth quarter valued at $58,000. Mondrian Capital Management LLC bought a new position in shares of PTC in the fourth quarter valued at $83,000. Finally, First Manhattan Co. bought a new position in shares of PTC in the first quarter valued at $92,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.
In other news, insider James E. Heppelmann sold 15,000 shares of PTC stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $89.02, for a total transaction of $1,335,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Miller sold 44,462 shares of PTC stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $4,148,749.22. 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 three months. Insiders own 9.91% of the company’s stock.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. PTC had a net margin of 3.06% and a return on equity of 11.68%. The firm had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. During the same period in the previous year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that PTC Inc will post 1.03 EPS for the current fiscal year.
PTC has been the subject of several analyst reports. Wedbush decreased their target price on shares of PTC from $108.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, January 24th. Zacks Investment Research cut shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TheStreet raised shares of PTC from a “c+” rating to a “b-” rating in a research report on Monday, February 25th. Finally, Barclays reaffirmed a “buy” rating and set a $104.00 price objective on shares of PTC in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. PTC presently has an average rating of “Buy” and a consensus target price of $103.88.
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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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