62,530 Shares in PTC Inc. $PTC Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. has acquired 62,530 shares of PTC Inc., valued at approximately $9.69 million, marking the fund's entry into the company's stock holdings.
• PTC Inc. reported $1.64 earnings per share for the last quarter, significantly above the consensus estimate of $1.22, with a revenue increase of 24.2% year-over-year.
• Institutional investors and hedge funds own 95.14% of PTC's stock, indicating strong support and investment interest from large financial entities.

Alyeska Investment Group L.P. purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 62,530 shares of the technology company's stock, valued at approximately $9,689,000. Alyeska Investment Group L.P. owned 0.05% of PTC as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in PTC by 16.5% in the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock valued at $517,000 after acquiring an additional 473 shares in the last quarter. Mather Group LLC. grew its position in PTC by 18.3% in the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock valued at $131,000 after acquiring an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after buying an additional 2,285 shares in the last quarter. M&T Bank Corp grew its position in shares of PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after buying an additional 724 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of PTC by 8.3% during the first quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Price Performance

NASDAQ:PTC traded down $0.15 during mid-day trading on Wednesday, reaching $203.88. 301,192 shares of the stock were exchanged, compared to its average volume of 1,047,352. The business has a fifty day moving average price of $203.92 and a 200 day moving average price of $175.58. The firm has a market capitalization of $24.42 billion, a PE ratio of 48.03, a PEG ratio of 2.26 and a beta of 1.18. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly 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 firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PTC. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Wall Street Zen cut PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Oppenheimer raised their price objective on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays set a $233.00 price objective on PTC in a research note on Thursday, July 31st. Finally, Piper Sandler raised their price objective on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.14.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.32% of the company's stock.

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.