Trade Report: Today: 667,890 Shares of PTC Inc. (PTC) are sold by Wells Fargo & Company MN

Today: 667,890 Shares of PTC Inc. (PTC) are sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 69.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,692 shares of the company’s stock after selling 667,890 shares during the period. Wells Fargo & Company MN’s holdings in PTC were worth $13,102,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of PTC by 3,567.2% in the second quarter. BNP Paribas Arbitrage SA now owns 45,290 shares of the company’s stock valued at $1,702,000 after buying an additional 44,055 shares during the period. Capital Investment Services of America Inc. increased its stake in shares of PTC by 19.1% in the third quarter. Capital Investment Services of America Inc. now owns 303,475 shares of the company’s stock valued at $13,447,000 after buying an additional 48,603 shares during the period. UBS Group AG increased its stake in shares of PTC by 67.6% in the first quarter. UBS Group AG now owns 19,706 shares of the company’s stock valued at $653,000 after buying an additional 7,948 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of PTC by 220.4% in the second quarter. Chartwell Investment Partners LLC now owns 518,534 shares of the company’s stock valued at $19,487,000 after buying an additional 356,710 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of PTC by 7.3% in the first quarter. Royal Bank of Canada now owns 618,878 shares of the company’s stock valued at $20,521,000 after buying an additional 42,200 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Shares of PTC Inc. (NASDAQ:PTC) traded down 0.36% during mid-day trading on Monday, reaching $49.61. 548,303 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $46.42 and a 200 day moving average price of $41.58. PTC Inc. has a 52-week low of $27.06 and a 52-week high of $49.93. The firm’s market cap is $5.74 billion.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. The company earned $288.20 million during the quarter, compared to analysts’ expectations of $297.91 million. PTC had a positive return on equity of 10.56% and a negative net margin of 4.92%. The company’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. Analysts forecast that PTC Inc. will post $1.33 earnings per share for the current fiscal year.

PTC has been the subject of several research reports. Zacks Investment Research upgraded shares of PTC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Brean Capital assumed coverage on shares of PTC in a research report on Friday, October 7th. They set a “buy” rating for the company. Wedbush reaffirmed an “outperform” rating and set a $52.00 target price (up from $46.00) on shares of PTC in a report on Wednesday, October 12th. Evercore ISI assumed coverage on shares of PTC in a report on Wednesday, September 14th. They set a “buy” rating and a $50.00 target price on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $55.00 target price on shares of PTC in a report on Thursday, November 10th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $49.93.

In other PTC news, Director Robert Schechter sold 1,136 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $45.02, for a total transaction of $51,142.72. Following the completion of the transaction, the director now owns 60,035 shares in the company, valued at $2,702,775.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony Dibona sold 11,025 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $48.72, for a total value of $537,138.00. Following the transaction, the executive vice president now owns 32,884 shares of the company’s stock, valued at approximately $1,602,108.48. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

PTC Company Profile

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.

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