Advisors Asset Management Inc. Increases Stake in PTC Inc. $PTC

Key Points

• Advisors Asset Management Inc. increased its stake in PTC Inc. by 14.3%, reaching a value of $1.77 million with a total of 11,390 shares.
• A number of large investors, including Fifth Third Bancorp and Mirae Asset Global Investments, also raised their stakes in PTC during Q1, demonstrating strong institutional interest.
• PTC's quarterly earnings report showed an EPS of $1.64, surpassing estimates, with a year-over-year revenue growth of 24.2%.

Advisors Asset Management Inc. boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 14.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,390 shares of the technology company's stock after purchasing an additional 1,421 shares during the quarter. Advisors Asset Management Inc.'s holdings in PTC were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new stake in PTC in the first quarter valued at approximately $9,689,000. Ampersand Capital Group L.P. raised its stake in shares of PTC by 168.2% during the first quarter. Ampersand Capital Group L.P. now owns 149,930 shares of the technology company's stock worth $23,232,000 after acquiring an additional 94,030 shares in the last quarter. Amundi raised its stake in shares of PTC by 8.2% during the first quarter. Amundi now owns 527,950 shares of the technology company's stock worth $80,767,000 after acquiring an additional 39,896 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of PTC during the first quarter worth approximately $233,000. Finally, Flputnam Investment Management Co. raised its stake in shares of PTC by 18.4% during the first quarter. Flputnam Investment Management Co. now owns 76,482 shares of the technology company's stock worth $11,851,000 after acquiring an additional 11,896 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PTC has been the topic of several research reports. Royal Bank Of Canada lifted their price target on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Piper Sandler lifted their price target on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. UBS Group reissued a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Transactions at PTC

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

PTC Trading Down 1.0%

Shares of PTC traded down $2.15 during mid-day trading on Friday, hitting $204.88. 138,302 shares of the company's stock traded hands, compared to its average volume of 1,045,867. 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 firm has a market capitalization of $24.54 billion, a P/E ratio of 48.35, a PEG ratio of 2.17 and a beta of 1.18. The business's 50-day moving average price is $205.18 and its 200-day moving average price is $176.09. 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 announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 EPS 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.