Amalgamated Bank Grows Position in PTC Inc. (NASDAQ:PTC)

Amalgamated Bank lifted its holdings in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,508 shares of the technology company’s stock after purchasing an additional 730 shares during the quarter. Amalgamated Bank’s holdings in PTC were worth $4,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NuWave Investment Management LLC acquired a new position in PTC during the 1st quarter worth about $26,000. Cyrus J. Lawrence LLC acquired a new position in PTC during the 1st quarter worth about $43,000. Brown Brothers Harriman & Co. acquired a new position in PTC during the 1st quarter worth about $50,000. CWM LLC raised its position in PTC by 50.4% in the 1st quarter. CWM LLC now owns 594 shares of the technology company’s stock valued at $64,000 after purchasing an additional 199 shares in the last quarter. Finally, National Bank of Canada FI raised its position in PTC by 23.5% in the 1st quarter. National Bank of Canada FI now owns 631 shares of the technology company’s stock valued at $68,000 after purchasing an additional 120 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

PTC Trading Down 2.1 %

NASDAQ:PTC opened at $112.33 on Wednesday. The stock’s 50 day moving average price is $116.42 and its 200 day moving average price is $110.82. The company has a market capitalization of $13.20 billion, a PE ratio of 26.68, a P/E/G ratio of 2.77 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. PTC Inc. has a 52-week low of $96.55 and a 52-week high of $136.00.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. The firm had revenue of $462.47 million for the quarter, compared to the consensus estimate of $473.65 million. PTC had a return on equity of 18.13% and a net margin of 26.19%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts anticipate that PTC Inc. will post 3.25 EPS for the current year.

Insider Buying and Selling

In other PTC news, Director Blake D. Moret sold 8,000 shares of PTC stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $120.42, for a total value of $963,360.00. Following the transaction, the director now directly owns 8,879,717 shares in the company, valued at approximately $1,069,295,521.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other PTC news, Director Blake D. Moret sold 100,000 shares of PTC stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $118.84, for a total value of $11,884,000.00. Following the transaction, the director now directly owns 9,191,050 shares in the company, valued at approximately $1,092,264,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Blake D. Moret sold 8,000 shares of PTC stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $120.42, for a total value of $963,360.00. Following the completion of the transaction, the director now owns 8,879,717 shares in the company, valued at $1,069,295,521.14. The disclosure for this sale can be found here. Insiders have sold 272,100 shares of company stock worth $32,925,130 in the last quarter. 10.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PTC. Oppenheimer began coverage on PTC in a research report on Tuesday, July 26th. They issued a “market perform” rating on the stock. Wolfe Research began coverage on PTC in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $155.00 price target on the stock. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. assumed coverage on PTC in a research report on Friday, September 16th. They set a “neutral” rating and a $128.00 target price on the stock. Finally, Citigroup raised their target price on PTC from $116.00 to $124.00 in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

About PTC

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PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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