Ptc INC (PTC) Stock Price Rose While Tdam Usa INC Cut Its Position by $3.20 Million

PTC Inc. (NASDAQ:PTC) LogoInvestors sentiment increased to 1.03 in Q2 2018. Its up 0.24, from 0.79 in 2018Q1. It improved, as 27 investors sold PTC shares while 119 reduced holdings. 57 funds opened positions while 93 raised stakes. 76.21 million shares or 10.45% less from 85.11 million shares in 2018Q1 were reported. Natixis owns 9,750 shares for 0% of their portfolio. New York State Teachers Retirement has 172,184 shares. Rothschild Asset has 145,975 shares for 0.15% of their portfolio. Schroder Mgmt Grp reported 0.02% of its portfolio in PTC Inc. (NASDAQ:PTC). 914,861 were reported by Dimensional Fund Advisors Lp. Barclays Public Limited owns 868 shares or 0% of their US portfolio. Nicholas Investment Ptnrs LP accumulated 19,360 shares. Thompson Davis And Company has 0.02% invested in PTC Inc. (NASDAQ:PTC). Ajo LP holds 0.03% or 69,578 shares in its portfolio. Hermes Inv holds 0.37% in PTC Inc. (NASDAQ:PTC) or 293,672 shares. Paradigm Mgmt New York invested in 40,000 shares. Fil Ltd holds 0.02% or 161,288 shares in its portfolio. Point72 Asset Mngmt Ltd Partnership accumulated 0.07% or 179,200 shares. State Board Of Administration Of Florida Retirement Systems holds 0.04% or 145,601 shares. Pennant Mgmt Ltd Liability Corporation holds 2.79% or 63,000 shares in its portfolio.

Tdam Usa Inc decreased its stake in Ptc Inc (PTC) by 27.86% based on its latest 2018Q2 regulatory filing with the SEC. Tdam Usa Inc sold 34,387 shares as the company’s stock rose 11.03% with the market. The institutional investor held 89,034 shares of the prepackaged software company at the end of 2018Q2, valued at $8.35M, down from 123,421 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in Ptc Inc for a number of months, seems to be less bullish one the $10.28B market cap company. The stock decreased 0.84% or $0.73 during the last trading session, reaching $86.64. About 170,145 shares traded. PTC Inc. (NASDAQ:PTC) has risen 86.40% since December 6, 2017 and is uptrending. It has outperformed by 70.78% the S&P500.

Tdam Usa Inc, which manages about $16.26 billion and $1.58B US Long portfolio, upped its stake in Capital One Finl Corp (NYSE:COF) by 50,559 shares to 57,296 shares, valued at $5.27M in 2018Q2, according to the filing. It also increased its holding in Leggett & Platt Inc (NYSE:LEG) by 109,925 shares in the quarter, for a total of 114,918 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on January, 16. They expect $0.26 EPS, up 30.00 % or $0.06 from last year’s $0.2 per share. PTC’s profit will be $30.86 million for 83.31 P/E if the $0.26 EPS becomes a reality. After $0.24 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Nasdaq.com which released: “Vestas sees U.S. demand for wind turbines peaking in 2020 – Nasdaq” on November 29, 2018, also Seekingalpha.com with their article: “PTC: High Growth Market Opportunity Still In Tact – Seeking Alpha” published on November 23, 2018, Seekingalpha.com published: “PTC Acquires Frustum For AI Generative Design Tech – Seeking Alpha” on November 29, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Nasdaq.com and their article: “Neon Therapeutics and Apexigen Announce First Patient Dosed in Neon’s NT-003 Phase 1b Combination Trial of NEO-PV-01 in Metastatic Melanoma – Nasdaq” published on December 06, 2018 as well as Businesswire.com‘s news article titled: “The Boston Globe Names PTC a Top Place to Work for 2018 – Business Wire” with publication date: November 19, 2018.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 7 analysts covering PTC (NASDAQ:PTC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. PTC had 9 analyst reports since June 8, 2018 according to SRatingsIntel. Wedbush maintained PTC Inc. (NASDAQ:PTC) rating on Tuesday, June 19. Wedbush has “Outperform” rating and $112 target. The stock of PTC Inc. (NASDAQ:PTC) has “Neutral” rating given on Tuesday, June 19 by Bank of America. The stock has “Outperform” rating by Wedbush on Friday, June 8. The stock of PTC Inc. (NASDAQ:PTC) has “Overweight” rating given on Thursday, June 14 by KeyBanc Capital Markets. Robert W. Baird maintained it with “Outperform” rating and $110 target in Tuesday, June 19 report. The firm earned “Buy” rating on Tuesday, June 12 by Robert W. Baird. The firm earned “Overweight” rating on Wednesday, June 13 by Barclays Capital. The firm has “Buy” rating given on Wednesday, August 8 by Guggenheim.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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