Bank of Montreal Can bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, Holdings Channel reports. The firm bought 78,183 shares of the company’s stock, valued at approximately $2,939,000.
A number of other institutional investors also recently bought and sold shares of PTC. LS Investment Advisors LLC raised its position in PTC by 70.9% in the second quarter. LS Investment Advisors LLC now owns 6,935 shares of the company’s stock worth $261,000 after buying an additional 2,878 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in PTC by 768.3% in the first quarter. BlackRock Japan Co. Ltd now owns 8,501 shares of the company’s stock worth $282,000 after buying an additional 7,522 shares during the last quarter. Pacad Investment Ltd. acquired a new position in PTC during the first quarter worth approximately $295,000. Scotia Capital Inc. acquired a new position in PTC during the first quarter worth approximately $335,000. Finally, M&T Bank Corp raised its position in PTC by 18.3% in the first quarter. M&T Bank Corp now owns 10,386 shares of the company’s stock worth $345,000 after buying an additional 1,604 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.
PTC Inc. (NASDAQ:PTC) traded up 0.46% during midday trading on Monday, reaching $45.47. The company’s stock had a trading volume of 726,025 shares. The firm has a 50 day moving average price of $44.19 and a 200-day moving average price of $39.19. The firm’s market cap is $5.23 billion. PTC Inc. has a 52 week low of $27.06 and a 52 week high of $46.91.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.05. The firm earned $289.70 million during the quarter, compared to the consensus estimate of $288.77 million. PTC had a negative net margin of 1.60% and a positive return on equity of 16.92%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. On average, analysts forecast that PTC Inc. will post $1.34 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $52.00 target price (up from $46.00) on shares of PTC in a research report on Wednesday, October 12th. Brean Capital assumed coverage on PTC in a research report on Friday, October 7th. They set a “buy” rating on the stock. Zacks Investment Research raised PTC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Evercore ISI assumed coverage on PTC in a research report on Wednesday, September 14th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Citigroup Inc. assumed coverage on PTC in a research report on Monday, August 1st. They set a “buy” rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.89.
In other PTC news, Director Paul A. Lacy sold 8,779 shares of the stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $40.42, for a total value of $354,847.18. Following the transaction, the director now directly owns 60,143 shares of the company’s stock, valued at approximately $2,430,980.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Schechter sold 1,248 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $39.98, for a total transaction of $49,895.04. Following the completion of the transaction, the director now directly owns 61,171 shares in the company, valued at $2,445,616.58. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.