ARK Investment Management LLC Buys 2,965 Shares of PTC Inc. $PTC

Key Points

• ARK Investment Management LLC raised its stake in PTC Inc. by 18.5%, acquiring an additional 2,965 shares in the second quarter, bringing their total holdings to 19,024 shares valued at approximately $3.28 million.
• PTC Inc. reported $1.64 earnings per share (EPS) for the latest quarter, exceeding analysts' expectations of $1.22, and achieved a 24.2% increase in revenue year-over-year, totaling $643.94 million.
• Analysts have a mostly positive outlook on PTC, with an average rating of "Moderate Buy" and an expected price target of $206.71 based on the recent performance and guidance provided by the company.

ARK Investment Management LLC increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,024 shares of the technology company's stock after acquiring an additional 2,965 shares during the quarter. ARK Investment Management LLC's holdings in PTC were worth $3,279,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Aurora Investment Counsel bought a new position in shares of PTC in the second quarter valued at $1,398,000. Phoenix Financial Ltd. lifted its stake in shares of PTC by 8.9% in the second quarter. Phoenix Financial Ltd. now owns 1,499 shares of the technology company's stock valued at $258,000 after buying an additional 122 shares in the last quarter. DeDora Capital Inc. bought a new position in shares of PTC in the second quarter valued at $222,000. Chevy Chase Trust Holdings LLC lifted its stake in shares of PTC by 0.4% in the second quarter. Chevy Chase Trust Holdings LLC now owns 63,356 shares of the technology company's stock valued at $10,919,000 after buying an additional 252 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of PTC by 7.0% in the second quarter. Nordea Investment Management AB now owns 9,834 shares of the technology company's stock valued at $1,684,000 after buying an additional 644 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Performance

NASDAQ PTC opened at $203.03 on Thursday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a 50-day simple moving average of $206.71 and a 200 day simple moving average of $185.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $24.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (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 quarter last year, the company posted $0.98 earnings per share. The firm's quarterly revenue 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. On average, research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 completion of the transaction, the executive vice president owned 15,743 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PTC shares. UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Weiss Ratings upgraded shares of PTC from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Oppenheimer increased their target price on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Piper Sandler increased their target price on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.71.

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.

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