Avanza Fonder AB Purchases Shares of 6,330 PTC Inc. $PTC

Key Points

• Avanza Fonder AB has acquired 6,330 shares of PTC Inc., valued at approximately $1,091,000, according to their latest SEC filing.
• PTC's recent quarterly earnings report showed an EPS of $1.64, surpassing analysts' expectations of $1.22, with revenue of $643.94 million for the quarter, a 24.2% increase year-over-year.
• Analysts have set varied price targets for PTC, with Barclays at $233 and KeyCorp at $245, reflecting a consensus rating of "Moderate Buy" and an average target of $202.14.

Avanza Fonder AB purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,330 shares of the technology company's stock, valued at approximately $1,091,000.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in PTC during the first quarter valued at about $26,000. Motco purchased a new stake in PTC during the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PTC during the first quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new position in shares of PTC during the first quarter valued at about $39,000. Finally, SVB Wealth LLC bought a new position in shares of PTC during the first quarter valued at about $41,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

PTC stock opened at $205.95 on Monday. 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 Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market capitalization of $24.67 billion, a P/E ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.18. The stock's 50 day moving average is $207.24 and its 200 day moving average is $178.11.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the previous year, the firm posted $0.98 EPS. 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 research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays set a $233.00 price objective on PTC in a research note on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, BMO Capital Markets raised their target price on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.14.

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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