Nippon Life Global Investors Americas Inc. maintained its position in PTC Inc. (NASDAQ:PTC) during the first quarter, Holdings Channel reports. The institutional investor owned 299,410 shares of the technology company’s stock at the end of the first quarter. PTC makes up 1.4% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 18th largest position. Nippon Life Global Investors Americas Inc.’s holdings in PTC were worth $15,735,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of PTC. Welch & Forbes LLC increased its stake in shares of PTC by 1.2% in the first quarter. Welch & Forbes LLC now owns 5,060 shares of the technology company’s stock worth $266,000 after buying an additional 60 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of PTC by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,115 shares of the technology company’s stock worth $792,000 after buying an additional 111 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PTC by 3.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,845 shares of the technology company’s stock worth $202,000 after buying an additional 144 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of PTC by 10.0% in the first quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock worth $130,000 after buying an additional 225 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of PTC by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,456 shares of the technology company’s stock worth $182,000 after buying an additional 288 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.
Shares of PTC Inc. (NASDAQ:PTC) traded up 0.30% on Friday, hitting $57.14. The stock had a trading volume of 1,302,914 shares. PTC Inc. has a 1-year low of $34.68 and a 1-year high of $60.15. The firm has a 50-day moving average of $55.71 and a 200 day moving average of $52.60. The company’s market capitalization is $6.60 billion.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, April 19th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. PTC had a negative net margin of 3.12% and a positive return on equity of 7.22%. The company had revenue of $280 million during the quarter, compared to analyst estimates of $283.81 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that PTC Inc. will post $1.21 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on PTC shares. Seaport Global Securities started coverage on PTC in a research report on Wednesday, March 1st. They set a “buy” rating and a $69.00 price target on the stock. Evercore ISI set a $65.00 price target on PTC and gave the stock a “buy” rating in a research report on Saturday, March 25th. Griffin Securities increased their price target on PTC from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Benchmark Co. began coverage on PTC in a research note on Thursday, May 18th. They set a “buy” rating and a $65.00 target price for the company. Finally, Guggenheim restated a “neutral” rating and set a $50.00 target price on shares of PTC in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $61.73.
In related news, Director Robert Schechter sold 1,420 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $52.86, for a total value of $75,061.20. Following the completion of the transaction, the director now directly owns 65,954 shares in the company, valued at $3,486,328.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony Dibona sold 3,308 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $53.56, for a total transaction of $177,176.48. The disclosure for this sale can be found here. Insiders sold 38,353 shares of company stock valued at $2,080,765 over the last quarter. 1.11% of the stock is owned by company insiders.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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