1 week Ago By ABMN Staff
CIBC Private Wealth Group LLC lowered its stake in PTC Inc. ( NASDAQ:PTC – Free Report ) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 1,420 shares of the technology company’s stock after selling 403 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in PTC were worth $262,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also added to or reduced their stakes in the stock.
Raymond James Financial Inc. bought a new position in shares of PTC in the fourth quarter worth $146,712,000. Norges Bank purchased a new position in PTC during the fourth quarter worth about $128,852,000.
Vanguard Group Inc. increased its stake in PTC by 1.7% in the 4th quarter.
Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock worth $2,627,961,000 after acquiring an additional 240,080 shares during the last quarter. JPMorgan Chase & Co.
raised its holdings in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co.
now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of PTC by 2.7% in the 3rd quarter.
State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
Insider Buying and Selling In related news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.
66. Following the sale, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12.
This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
0.32% of the stock is owned by insiders. PTC Stock Down 6.
5 % PTC ( NASDAQ:PTC – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
91 by ($0.12). PTC had a return on equity of 14.
49% and a net margin of 16.95%. On average, equities analysts anticipate that PTC Inc.
will post 4.46 earnings per share for the current year. Wall Street Analysts Forecast Growth Several research firms recently weighed in on PTC.
KeyCorp upped their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th.
Rosenblatt Securities restated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Citigroup cut their target price on shares of PTC from $200.
00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus increased their target price on PTC from $200.
00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.
com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.
09. Get Our Latest Report on PTC PTC Profile ( Free Report ) PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.
Read More Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. ( NASDAQ:PTC – Free Report ).
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