PTC Inc. (NASDAQ:PTC) Shares Purchased by Comerica Bank

Comerica Bank increased its position in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,883 shares of the technology company’s stock after acquiring an additional 511 shares during the quarter. Comerica Bank’s holdings in PTC were worth $1,669,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Rivulet Capital LLC purchased a new position in shares of PTC in the 2nd quarter valued at $62,374,000. Select Equity Group L.P. acquired a new position in shares of PTC in the 1st quarter valued at about $43,148,000. Liontrust Investment Partners LLP boosted its holdings in shares of PTC by 27.5% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,521,500 shares of the technology company’s stock valued at $161,796,000 after buying an additional 327,700 shares during the period. Renaissance Technologies LLC boosted its stake in PTC by 710.8% during the 2nd quarter. Renaissance Technologies LLC now owns 306,500 shares of the technology company’s stock valued at $32,593,000 after purchasing an additional 268,700 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in PTC by 20.3% during the 2nd quarter. Lazard Asset Management LLC now owns 1,580,277 shares of the technology company’s stock valued at $168,046,000 after purchasing an additional 266,274 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $129.95 on Friday. PTC Inc. has a 1-year low of $96.55 and a 1-year high of $133.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $124.57 and a 200 day simple moving average of $118.03. The stock has a market capitalization of $15.35 billion, a PE ratio of 49.04, a P/E/G ratio of 2.52 and a beta of 1.17.

PTC (NASDAQ:PTCGet Rating) last posted its earnings results on Wednesday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The company had revenue of $507.93 million during the quarter, compared to the consensus estimate of $498.19 million. PTC had a return on equity of 18.58% and a net margin of 16.19%. On average, research analysts expect that PTC Inc. will post 3.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of PTC to $135.00 in a research report on Tuesday, November 15th. Mizuho boosted their price objective on shares of PTC from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 18th. Royal Bank of Canada boosted their target price on shares of PTC from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Robert W. Baird boosted their target price on shares of PTC to $150.00 in a research report on Wednesday, December 14th. Finally, Berenberg Bank started coverage on shares of PTC in a report on Wednesday, January 11th. They set a “buy” rating and a $155.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.89.

Insiders Place Their Bets

In other news, Director Blake D. Moret sold 304,000 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $121.21, for a total transaction of $36,847,840.00. Following the sale, the director now directly owns 7,712,998 shares in the company, valued at $934,892,487.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PTC news, Director Blake D. Moret sold 304,000 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $121.21, for a total value of $36,847,840.00. Following the transaction, the director now directly owns 7,712,998 shares of the company’s stock, valued at $934,892,487.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Blake D. Moret sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $122.95, for a total value of $983,600.00. Following the transaction, the director now directly owns 8,870,017 shares in the company, valued at $1,090,568,590.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,788 shares of company stock valued at $59,367,463. 8.26% of the stock is currently owned by corporate insiders.

PTC Company Profile

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PTC Inc operates as software 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 end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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