Today, Arizona State Retirement System Buys 100 Shares of PTC Inc. (PTC)

Today, Arizona State Retirement System Buys 100 Shares of PTC Inc. (PTC)

Arizona State Retirement System boosted its position in PTC Inc. (NASDAQ:PTC) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 48,377 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in PTC were worth $2,144,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PTC. UBS Group AG raised 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 worth $653,000 after buying an additional 7,948 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of PTC by 8.5% in the first quarter. Wellington Management Group LLP now owns 475,393 shares of the company’s stock worth $15,764,000 after buying an additional 37,337 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of PTC by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 109,081 shares of the company’s stock worth $3,617,000 after buying an additional 2,938 shares in the last quarter. Royal Bank of Canada raised 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 worth $20,521,000 after buying an additional 42,200 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of PTC during the first quarter worth approximately $1,082,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Shares of PTC Inc. (NASDAQ:PTC) traded down 0.34% during mid-day trading on Monday, reaching $49.62. 821,782 shares of the company’s stock traded hands. PTC Inc. has a 12 month low of $27.06 and a 12 month high of $49.93. The company’s market cap is $5.74 billion. The company has a 50 day moving average of $46.53 and a 200 day moving average of $41.75.

PTC (NASDAQ:PTC) last issued its 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 business had revenue of $288.20 million for the quarter, compared to analyst estimates of $297.91 million. PTC had a positive return on equity of 10.56% and a negative net margin of 4.92%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. Analysts expect that PTC Inc. will post $1.33 earnings per share for the current fiscal year.

A number of equities research analysts have commented on PTC shares. Evercore ISI started coverage on shares of PTC in a report on Wednesday, September 14th. They set a “buy” rating and a $50.00 price objective on the stock. Citigroup Inc. initiated coverage on shares of PTC in a report on Monday, August 1st. They set a “buy” rating and a $48.00 price objective on the stock. Zacks Investment Research raised shares of PTC from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, November 9th. Goldman Sachs Group Inc. initiated coverage on shares of PTC in a research note on Friday, November 4th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Brean Capital reaffirmed a “buy” rating and issued a $55.00 target price on shares of PTC in a research note on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $49.93.

In other news, insider James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $46.46, for a total value of $1,161,500.00. Following the completion of the transaction, the insider now owns 561,006 shares of the company’s stock, valued at $26,064,338.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Schechter sold 1,136 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $45.02, for a total value of $51,142.72. Following the completion of the transaction, the director now directly owns 60,035 shares of the company’s stock, valued at approximately $2,702,775.70. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

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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