PTC Inc. (NASDAQ:PTC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in PTC Inc. (NASDAQ:PTCGet Rating) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 55,928 shares of the technology company’s stock after selling 1,251 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PTC were worth $6,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of PTC by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,229 shares of the technology company’s stock valued at $240,000 after buying an additional 250 shares during the period. American Century Companies Inc. increased its stake in shares of PTC by 205.5% in the 1st quarter. American Century Companies Inc. now owns 8,606 shares of the technology company’s stock valued at $927,000 after purchasing an additional 5,789 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of PTC in the 1st quarter valued at about $754,000. Johnson Investment Counsel Inc. increased its stake in shares of PTC by 3.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 23,815 shares of the technology company’s stock valued at $2,565,000 after purchasing an additional 839 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of PTC by 5.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,978 shares of the technology company’s stock valued at $429,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

PTC Price Performance

PTC stock opened at $115.05 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $113.88 and a 200-day simple moving average of $110.20. The firm has a market capitalization of $13.51 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.16. PTC Inc. has a 1 year low of $96.55 and a 1 year high of $136.00.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. PTC had a return on equity of 18.13% and a net margin of 26.19%. The firm had revenue of $462.47 million for the quarter, compared to analysts’ expectations of $473.65 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that PTC Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $122.59, for a total value of $122,590.00. Following the transaction, the executive vice president now directly owns 23,400 shares in the company, valued at $2,868,606. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $122.59, for a total transaction of $122,590.00. Following the transaction, the executive vice president now directly owns 23,400 shares in the company, valued at $2,868,606. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $125.20, for a total value of $1,001,600.00. Following 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 have sold 365,206 shares of company stock worth $43,751,163. Insiders own 10.15% of the company’s stock.

Wall Street Analysts Forecast Growth

PTC has been the subject of several recent analyst reports. Oppenheimer initiated coverage on PTC in a research note on Tuesday, July 26th. They issued a “market perform” rating for the company. Wolfe Research initiated coverage on PTC in a research note on Tuesday, August 16th. They issued an “outperform” rating and a $155.00 price target for the company. Citigroup lifted their price target on PTC from $116.00 to $124.00 in a research note on Thursday, July 28th. Mizuho boosted their price objective on PTC from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Rosenblatt Securities cut their price objective on PTC from $156.00 to $146.00 and set a “buy” rating for the company in a research note on Thursday, July 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.56.

PTC Company 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.

Further Reading

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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