Aprio Wealth Management LLC Invests $233,000 in PTC Inc. $PTC

Key Points

• Aprio Wealth Management LLC has invested approximately $233,000 in a new stake of 1,503 shares of PTC Inc. during the first quarter.
• PTC reported a robust quarterly earnings result, with earnings per share of $1.64 and revenue of $643.94 million, surpassing analysts' expectations.
• Institutional investors own a significant 95.14% of PTC's stock, with several firms acquiring new positions recently, indicating strong interest in the company.

Aprio Wealth Management LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,503 shares of the technology company's stock, valued at approximately $233,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of PTC by 16.5% during the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock valued at $517,000 after purchasing an additional 473 shares during the period. Mather Group LLC. increased its stake in shares of PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock valued at $131,000 after buying an additional 131 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake 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 valued at $2,091,000 after buying an additional 2,285 shares during the period. M&T Bank Corp increased its stake 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 valued at $1,475,000 after buying an additional 724 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake 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 valued at $312,000 after buying an additional 154 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction 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. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price target on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Wall Street Zen lowered PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven research 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.

PTC Stock Down 0.5%

PTC stock traded down $0.95 during trading hours on Wednesday, reaching $203.08. The stock had a trading volume of 191,055 shares, compared to its average volume of 1,047,087. The company has a market cap of $24.33 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 2.26 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The business's 50 day moving average price is $203.92 and its 200-day moving average price is $175.58. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last announced its 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same period in the previous year, the company posted $0.98 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. 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 anticipate that PTC Inc. will post 4.46 EPS for the current year.

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.