AlphaQuest LLC Sells 6,996 Shares of PTC Inc. $PTC

Key Points

• AlphaQuest LLC reduced its holdings in PTC Inc. by 71.7% in Q1, bringing their total shares to 2,758, valued at $427,000.
• Several hedge funds, including Fifth Third Bancorp and Mather Group LLC, increased their stakes in PTC during the same period, indicating a trend of growing institutional investment in the company.
• PTC's latest earnings report showed a strong performance with $1.64 earnings per share, beating estimates and marking a 24.2% year-over-year revenue increase.

AlphaQuest LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 71.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,758 shares of the technology company's stock after selling 6,996 shares during the period. AlphaQuest LLC's holdings in PTC were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of PTC by 15.5% during the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after acquiring an additional 59 shares in the last quarter. Wahed Invest LLC raised its holdings in shares of PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after acquiring an additional 61 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock worth $582,000 after acquiring an additional 70 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of PTC by 3.3% during the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after acquiring an additional 73 shares in the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of PTC by 2.4% during the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock worth $514,000 after acquiring an additional 78 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The stock was 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 of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on PTC. Royal Bank Of Canada raised their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Barclays set a $233.00 price target on PTC in a research report on Thursday, July 31st. Finally, UBS Group reaffirmed a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Eleven 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Performance

PTC stock traded down $1.53 during trading on Friday, reaching $213.50. 1,098,684 shares of the stock were exchanged, compared to its average volume of 852,856. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market capitalization of $25.58 billion, a P/E ratio of 50.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The stock has a 50 day simple moving average of $198.06 and a 200-day simple moving average of $173.47. 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 released 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. PTC had a return on equity of 17.09% and a net margin of 20.74%.The business had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. During the same period last year, the business earned $0.98 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

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.