Canada Pension Plan Investment Board Raises Stock Holdings in PTC Inc. $PTC

Key Points

• The Canada Pension Plan Investment Board increased its stake in PTC Inc. by 77.4%, owning 51,795 shares valued at approximately $8 million as of the latest SEC filing.
• PTC reported earnings of $1.64 per share, exceeding analysts' expectations of $1.22, alongside a 24.2% increase in revenue year-over-year, totaling $643.94 million.
• PTC has received varied ratings from analysts, with the consensus being a "Moderate Buy" and a new price target set around $202.14.

Canada Pension Plan Investment Board raised its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 77.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,795 shares of the technology company's stock after purchasing an additional 22,596 shares during the quarter. Canada Pension Plan Investment Board's holdings in PTC were worth $8,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in shares of PTC by 15.5% during the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after buying an additional 59 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after acquiring an additional 70 shares during the last quarter. American Century Companies Inc. raised its holdings in PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after purchasing an additional 73 shares during the last quarter. Portside Wealth Group LLC lifted its stake in PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock valued at $514,000 after buying an additional 78 shares during the period. Finally, Strategic Advisors LLC lifted its stake in PTC by 1.1% in the first quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock valued at $1,198,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

Shares of PTC traded down $0.48 during trading hours on Monday, hitting $213.42. The stock had a trading volume of 83,729 shares, compared to its average volume of 1,042,671. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company's fifty day moving average is $202.49 and its two-hundred day moving average is $175.03. 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 stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 2.27 and a beta of 1.18.

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, 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 company had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. During the same period last year, the company earned $0.98 earnings per share. The firm's 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, analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

PTC has been the topic of a number of research reports. KeyCorp reaffirmed an "overweight" rating and set a $245.00 target price (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Wall Street Zen downgraded PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Stifel Nicolaus increased their price objective on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, July 29th. Eleven equities 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 company presently has a consensus rating of "Moderate Buy" and an average target price 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.