Aberdeen Group plc Trims Position in PTC Inc. $PTC

Key Points

• Aberdeen Group plc reduced its stake in PTC Inc. by 18.7%, owning 87,792 shares worth approximately $13.47 million after selling 20,154 shares in the first quarter.
• Insider activity included the sale of 1,988 shares by EVP Staats Aaron C. Von, decreasing their ownership by 11.21%.
• PTC reported earnings per share (EPS) of $1.64 for the last quarter, exceeding estimates and marking a 24.2% increase in revenue compared to the same quarter the previous year.

Aberdeen Group plc cut its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,792 shares of the technology company's stock after selling 20,154 shares during the period. Aberdeen Group plc owned about 0.07% of PTC worth $13,465,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after purchasing an additional 1,773,653 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 39,688 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in 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 acquiring an additional 844,418 shares in the last quarter. Nuveen LLC bought a new position in PTC during the 1st quarter worth about $241,789,000. Finally, Fernbridge Capital Management LP grew its holdings in PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after acquiring an additional 85,564 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PTC has been the topic of several recent research reports. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. KeyCorp restated 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. Finally, Robert W. Baird raised their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Stock Performance

Shares of PTC stock traded up $3.10 during midday trading on Friday, hitting $215.05. The company had a trading volume of 668,593 shares, compared to its average volume of 969,782. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.25 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $193.43 and a 200 day simple moving average of $172.01. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $643.94 million during 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 period last 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 predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred 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 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 trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by 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.