Ampersand Capital Group L.P. Grows Stake in PTC Inc. $PTC

Key Points

• Ampersand Capital Group L.P. increased its stake in PTC Inc. by 168.2% during the first quarter, owning approximately 149,930 shares worth over $23 million, making it the firm's third largest position.
• PTC recently reported earnings of $1.64 EPS, significantly surpassing analysts' expectations, alongside a revenue of $643.94 million for the recent quarter, marking a 24.2% year-over-year growth.
• Analysts have shown confidence in PTC, with a consensus rating of "Moderate Buy" and price targets ranging from $220.00 to $245.00 per share, reflecting strong market optimism.

Ampersand Capital Group L.P. grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 168.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 149,930 shares of the technology company's stock after buying an additional 94,030 shares during the period. PTC accounts for approximately 16.0% of Ampersand Capital Group L.P.'s investment portfolio, making the stock its 3rd largest holding. Ampersand Capital Group L.P. owned approximately 0.12% of PTC worth $23,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in shares of PTC by 17.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock worth $3,147,478,000 after purchasing an additional 3,048,311 shares during the period. Nuveen LLC acquired a new stake in shares of PTC during the first quarter worth $241,789,000. Pictet Asset Management Holding SA grew its stake in shares of PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after purchasing an additional 844,418 shares during the period. GAMMA Investing LLC grew its stake in shares of PTC by 13,184.0% during the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after purchasing an additional 342,784 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of PTC during the fourth quarter worth $59,506,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PTC

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PTC. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. BMO Capital Markets lifted their target price on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Up 0.3%

Shares of PTC stock traded up $0.65 during trading on Friday, reaching $213.90. The stock had a trading volume of 632,631 shares, compared to its average volume of 724,620. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 50.45, a P/E/G ratio of 2.27 and a beta of 1.18. The stock has a fifty day moving average price of $202.49 and a two-hundred day moving average price of $174.93. PTC Inc. has a 52 week low of $133.38 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million for 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 company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company 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. Sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal 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.