PTC (PTC) Holdings Reduced by KBC Group NV


KBC Group NV lowered its holdings in PTC (NASDAQ:PTC) by 25.4% during the first quarter, HoldingsChannel reports. The firm owned 4,734 shares of the technology company’s stock after selling 1,608 shares during the period. KBC Group NV’s holdings in PTC were worth $369,000 at the end of the most recent reporting period.


A number of other institutional investors have also bought and sold shares of PTC. ING Groep NV acquired a new position in PTC in the fourth quarter worth $203,000. Parametrica Management Ltd acquired a new position in shares of PTC during the first quarter valued at $213,000. US Bancorp DE lifted its stake in shares of PTC by 29.5% during the fourth quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after acquiring an additional 868 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of PTC during the fourth quarter valued at $258,000. Finally, Dynamic Capital Management Ltd acquired a new position in shares of PTC during the fourth quarter valued at $287,000. 98.11% of the stock is currently owned by institutional investors.


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In other PTC news, Director Robert Schechter sold 3,000 shares of the stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $85.20, for a total value of $255,600.00. Following the transaction, the director now owns 67,207 shares of the company’s stock, valued at $5,726,036.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $84.51, for a total value of $422,550.00. Following the completion of the transaction, the director now directly owns 61,784 shares in the company, valued at approximately $5,221,365.84. The disclosure for this sale can be found here. Insiders sold 130,778 shares of company stock worth $10,967,374 in the last three months. Insiders own 1.19% of the company’s stock.


Several equities analysts have recently issued reports on the company. Wedbush upped their price target on PTC from $94.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird reaffirmed an “in-line” rating and set a $95.00 price target (up previously from $83.00) on shares of PTC in a research note on Thursday, April 19th. ValuEngine raised PTC from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. BidaskClub lowered PTC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 17th. Finally, Barclays upped their price target on PTC to $86.00 and gave the company an “overweight” rating in a research note on Thursday, April 12th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $83.07.


PTC opened at $86.99 on Friday, Marketbeat reports. PTC has a 1-year low of $52.20 and a 1-year high of $89.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 112.29, a P/E/G ratio of 2.71 and a beta of 1.34.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. PTC had a return on equity of 10.04% and a net margin of 3.16%. The firm had revenue of $307.88 million for the quarter, compared to analyst estimates of $302.90 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. research analysts anticipate that PTC will post 0.83 EPS for the current year.


PTC Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; 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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