California State Teachers Retirement System Raises Position in PTC Inc (NASDAQ:PTC)

California State Teachers Retirement System boosted its holdings in shares of PTC Inc (NASDAQ:PTC) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,405 shares of the technology company’s stock after buying an additional 1,995 shares during the period. California State Teachers Retirement System owned approximately 0.15% of PTC worth $11,823,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PTC. BlackRock Inc. increased its position in shares of PTC by 6.0% during the 2nd quarter. BlackRock Inc. now owns 13,287,737 shares of the technology company’s stock valued at $1,192,707,000 after purchasing an additional 751,495 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in PTC by 76.1% in the third quarter. Pictet Asset Management Ltd. now owns 2,202,639 shares of the technology company’s stock worth $150,176,000 after buying an additional 951,754 shares in the last quarter. Marshall Wace North America L.P. grew its position in PTC by 36.2% during the second quarter. Marshall Wace North America L.P. now owns 1,995,589 shares of the technology company’s stock valued at $179,124,000 after acquiring an additional 530,204 shares during the last quarter. Impax Asset Management Group plc grew its position in PTC by 11.6% during the second quarter. Impax Asset Management Group plc now owns 1,665,973 shares of the technology company’s stock valued at $149,538,000 after acquiring an additional 173,600 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of PTC by 631.4% during the second quarter. Invesco Ltd. now owns 1,500,604 shares of the technology company’s stock worth $134,694,000 after acquiring an additional 1,295,423 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

In related news, EVP Kathleen Mitford sold 613 shares of PTC stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $73.39, for a total transaction of $44,988.07. Following the sale, the executive vice president now directly owns 20,932 shares in the company, valued at $1,536,199.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James E. Heppelmann sold 25,000 shares of PTC stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $74.65, for a total value of $1,866,250.00. In the last quarter, insiders sold 26,553 shares of company stock worth $1,979,228. 9.91% of the stock is currently owned by company insiders.

PTC has been the subject of a number of research reports. Citigroup cut their price objective on shares of PTC from $89.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Wedbush lowered their price target on shares of PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $83.00 price target on shares of PTC in a research report on Tuesday, November 26th. Finally, Zacks Investment Research raised PTC from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.47.

Shares of NASDAQ:PTC opened at $75.76 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $71.15 and a 200-day moving average price of $75.19. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 83.25 and a beta of 1.17. PTC Inc has a 12 month low of $62.05 and a 12 month high of $102.47.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. PTC had a return on equity of 12.23% and a net margin of 2.33%. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $333.86 million. During the same quarter in the prior year, the company posted $0.45 EPS. PTC’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that PTC Inc will post 1.4 EPS for the current fiscal year.

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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