62,265 Shares in PTC Inc. $PTC Bought by Untitled Investments LP

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 position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 62,265 shares of the technology company's stock, valued at approximately $9,648,000. PTC comprises about 2.7% of Untitled Investments LP's holdings, making the stock its 12th largest position. Untitled Investments LP owned 0.05% of PTC at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC during the first quarter valued at about $26,000. Motco purchased a new position in PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PTC during the first quarter worth about $33,000. Zions Bancorporation National Association UT purchased a new position in PTC during the first quarter worth about $39,000. Finally, SVB Wealth LLC purchased a new position in PTC during the first quarter worth about $41,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Performance

PTC stock opened at $213.90 on Friday. The firm's 50 day simple moving average is $202.49 and its 200 day simple moving average is $174.96. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.62 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

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

Insider Activity at PTC

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

Analysts Set New Price Targets

Several research firms recently weighed in on PTC. BMO Capital Markets boosted their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Oppenheimer upped their price target on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group restated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their price target on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $202.14.

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.

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