PTC Inc. (NASDAQ:PTC) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 46.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 253,149 shares of the technology company’s stock after buying an additional 79,855 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.21% of PTC worth $45,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PTC. Vanguard Group Inc. grew its holdings in PTC by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after acquiring an additional 205,673 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of PTC by 1,409.3% during the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of PTC by 4.4% during the second quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock worth $206,091,000 after purchasing an additional 48,553 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in PTC by 18.4% in the first quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock valued at $201,537,000 after buying an additional 166,112 shares during the last quarter. Finally, Twin Focus Capital Partners LLC acquired a new stake in PTC in the fourth quarter valued at $177,081,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the transaction, the director now directly owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the sale, the executive vice president now owns 13,902 shares in the company, valued at $2,363,340. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $2,431,330 over the last 90 days. 1.17% of the stock is currently owned by insiders.

PTC Trading Down 1.8 %

NASDAQ PTC opened at $175.90 on Friday. PTC Inc. has a one year low of $134.61 and a one year high of $194.24. The firm has a market cap of $21.06 billion, a PE ratio of 73.60, a P/E/G ratio of 3.24 and a beta of 1.18. The firm’s fifty day moving average is $174.25 and its two-hundred day moving average is $178.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. PTC had a return on equity of 13.36% and a net margin of 13.32%. The firm had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. Analysts expect that PTC Inc. will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Mizuho reaffirmed a “neutral” rating and issued a $190.00 price target (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research note on Thursday, August 1st. Piper Sandler boosted their price objective on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Rosenblatt Securities increased their target price on shares of PTC from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

PTC Company Profile

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.