Magnetar Financial LLC Takes Position in PTC Inc. $PTC

Key Points

• Magnetar Financial LLC acquired 18,116 shares of PTC Inc. totaling approximately $2.8 million, as reported in its recent SEC filing.
• PTC's stock is experiencing institutional interest, with 95.14% of its shares held by institutional investors, indicating strong market confidence.
• PTC reported better-than-expected earnings, posting $1.64 EPS, surpassing the consensus estimate of $1.22, and achieving 24.2% year-over-year revenue growth.

Magnetar Financial LLC acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,116 shares of the technology company's stock, valued at approximately $2,807,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after purchasing an additional 3,048,311 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PTC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock worth $2,220,771,000 after purchasing an additional 39,688 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after purchasing an additional 844,418 shares during the period. Wellington Management Group LLP grew its holdings in shares of PTC by 1.9% during the 1st quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock worth $367,382,000 after purchasing an additional 44,961 shares during the period. Finally, Nuveen LLC acquired a new stake in PTC in the 1st quarter valued at about $241,789,000. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

NASDAQ PTC traded down $0.86 during trading on Tuesday, reaching $212.64. 809,552 shares of the company's stock were exchanged, compared to its average volume of 1,056,751. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The business has a 50 day moving average price of $199.86 and a 200-day moving average price of $174.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $25.47 billion, a P/E ratio of 50.15, a PEG ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PTC. Stifel Nicolaus increased their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Wall Street Zen cut shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Piper Sandler lifted their price target on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Oppenheimer upped their price objective on PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

PTC 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.