Aurora Investment Counsel Takes $1.40 Million Position in PTC Inc. $PTC

Aurora Investment Counsel acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,111 shares of the technology company's stock, valued at approximately $1,398,000.

Several other large investors have also recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. lifted its stake in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after purchasing an additional 3,048,311 shares during the period. Nuveen LLC acquired a new position in shares of PTC in the 1st quarter valued at $241,789,000. Pictet Asset Management Holding SA lifted its stake in shares of PTC by 41.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of PTC by 27.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company's stock valued at $235,134,000 after purchasing an additional 327,326 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of PTC by 43.2% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,006,901 shares of the technology company's stock valued at $156,019,000 after purchasing an additional 303,676 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This 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 owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PTC shares. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. UBS Group reiterated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Piper Sandler upped their price objective on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company restated an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Price Performance

PTC stock opened at $205.87 on Tuesday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 48.55, a PEG ratio of 1.95 and a beta of 1.14. The company has a fifty day simple moving average of $206.82 and a 200-day simple moving average of $184.80. The company has a quick ratio of 0.89, a current 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 (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 analyst estimates of $582.12 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company'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. On average, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal 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.

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