Permanens Capital L.P. Invests $288,000 in PTC Inc. $PTC

Key Points

• Permanens Capital L.P. acquired a new stake in PTC Inc., purchasing 1,856 shares valued at approximately $288,000 in the first quarter.
• PTC reported a strong earnings performance with an EPS of $1.64, surpassing estimates and showcasing a 24.2% year-over-year revenue increase to $643.94 million.
• Several analysts have upgraded their price targets for PTC, with KeyCorp increasing its target from $192.00 to $245.00, reflecting positive market sentiment towards the stock.

Permanens Capital L.P. purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,856 shares of the technology company's stock, valued at approximately $288,000.

A number of other institutional investors also recently added to or reduced their stakes in PTC. Bartlett & CO. Wealth Management LLC bought a new position in shares of PTC during the 1st quarter worth approximately $26,000. Motco acquired a new position in PTC during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PTC during the first quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of PTC in the 1st quarter valued at $39,000. Finally, SVB Wealth LLC bought a new stake in shares of PTC in the 1st quarter worth about $41,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PTC. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Barclays set a $233.00 price target on PTC in a report on Thursday, July 31st. KeyCorp restated an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Stifel Nicolaus lifted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, PTC has an average rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Up 1.2%

PTC stock traded up $2.53 during mid-day trading on Thursday, hitting $207.03. 778,803 shares of the company were exchanged, compared to its average volume of 1,051,261. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The firm's 50 day simple moving average is $204.55 and its 200 day simple moving average is $175.78. The firm has a market cap of $24.80 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.17 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

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.