Blue Trust Inc. Buys 2,282 Shares of PTC Inc. $PTC

Key Points

• Blue Trust Inc. increased its stake in PTC Inc. by 71.4% in Q2, acquiring an additional 2,282 shares, bringing its total to 5,478 shares valued at $944,000.
• Analysts have differing views on PTC, with twelve providing a "Buy" rating and six a "Hold," while target prices vary significantly, from $120.00 to $233.00.
• PTC reported better-than-expected earnings of $1.64 per share for the last quarter, exceeding estimates by $0.42, and its revenue grew by 24.2% year-over-year to $643.94 million.

Blue Trust Inc. lifted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 71.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,478 shares of the technology company's stock after acquiring an additional 2,282 shares during the period. Blue Trust Inc.'s holdings in PTC were worth $944,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after acquiring an additional 473 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of PTC by 18.3% during the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company's stock worth $131,000 after acquiring an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PTC by 20.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after acquiring an additional 2,285 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after acquiring an additional 724 shares during the last quarter. Finally, Bright Rock Capital Management LLC bought a new stake in shares of PTC during the 2nd quarter worth $2,154,000. 95.14% of the stock is owned by institutional investors.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PTC. Piper Sandler lifted their target price 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. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Price Performance

PTC stock opened at $196.90 on Friday. The firm's 50-day moving average price is $207.69 and its two-hundred day moving average price is $182.51. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 1.89 and a beta of 1.14. 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 released 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 for the quarter, compared to analysts' expectations of $582.12 million. During the same quarter in the previous year, the company 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. As a group, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

About PTC

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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