Illinois Municipal Retirement Fund Purchases 4,242 Shares of PTC Inc. (NASDAQ:PTC)

Illinois Municipal Retirement Fund raised its holdings in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 68.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,432 shares of the technology company’s stock after purchasing an additional 4,242 shares during the period. Illinois Municipal Retirement Fund’s holdings in PTC were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its position in shares of PTC by 50.4% in the 1st quarter. CWM LLC now owns 594 shares of the technology company’s stock worth $64,000 after purchasing an additional 199 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of PTC in the 1st quarter valued at about $676,000. Robeco Institutional Asset Management B.V. raised its position in shares of PTC by 21.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 80,129 shares of the technology company’s stock valued at $8,630,000 after acquiring an additional 14,293 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in PTC by 18.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 7,828 shares of the technology company’s stock worth $843,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in PTC by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 822,089 shares of the technology company’s stock valued at $88,555,000 after purchasing an additional 3,865 shares during the period. Institutional investors own 94.84% of the company’s stock.

Insider Activity at PTC

In other news, Director Blake D. Moret sold 8,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $125.20, for a total transaction of $1,001,600.00. Following the transaction, the director now directly owns 9,630,330 shares in the company, valued at approximately $1,205,717,316. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PTC news, Director Blake D. Moret sold 613 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $120.43, for a total transaction of $73,823.59. Following the completion of the sale, the director now owns 9,605,717 shares of the company’s stock, valued at approximately $1,156,816,498.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Blake D. Moret sold 8,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $125.20, for a total transaction of $1,001,600.00. Following the completion of the transaction, the director now owns 9,630,330 shares in the company, valued at $1,205,717,316. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,613 shares of company stock valued at $17,860,784. 10.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on shares of PTC in a research report on Tuesday, August 16th. They set an “outperform” rating and a $155.00 price target on the stock. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird lowered their target price on PTC from $153.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. Mizuho cut their price target on shares of PTC from $135.00 to $120.00 in a research note on Monday, October 17th. Finally, Rosenblatt Securities lowered their price objective on shares of PTC from $146.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.22.

PTC Stock Up 0.8 %

PTC stock opened at $125.21 on Tuesday. PTC Inc. has a twelve month low of $96.55 and a twelve month high of $127.61. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 2.43 and a beta of 1.16. The company has a quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $112.91 and a two-hundred day moving average price of $112.24.

PTC Profile

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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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