Untitled Investments LP Makes New Investment in PTC Inc. $PTC

Key Points

• Untitled Investments LP has acquired 62,265 shares of PTC Inc. valued at approximately $9.6 million, making it the firm's 12th largest position.
• PTC's most recent earnings report revealed an EPS of $1.64, significantly surpassing analyst estimates of $1.22, with a revenue of $643.94 million.
• Several analysts have recently raised their price targets for PTC, with BMO Capital Markets setting it at $231.00, reflecting a positive outlook on the stock's performance.

Untitled Investments LP bought a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,265 shares of the technology company's stock, valued at approximately $9,648,000. PTC makes up approximately 2.7% of Untitled Investments LP's investment portfolio, making the stock its 12th largest position. Untitled Investments LP owned about 0.05% of PTC as of its most recent SEC filing.

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

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp reiterated an "overweight" rating and issued a $245.00 price target (up from $192.00) on shares of PTC in a report on Thursday, July 31st. BMO Capital Markets upped their price objective on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays set a $233.00 target price on PTC in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Finally, Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Stock Performance

Shares of NASDAQ PTC traded down $2.01 during midday trading on Friday, reaching $205.03. 192,478 shares of the company traded hands, compared to its average volume of 1,046,207. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The stock has a 50-day moving average price of $205.18 and a 200 day moving average price of $176.09. 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 company has a market cap of $24.56 billion, a price-to-earnings ratio of 48.36, a PEG ratio of 2.17 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the firm posted $0.98 EPS. PTC's revenue was up 24.2% compared to the same quarter last year. 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 anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

About PTC

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.