Capital Fund Management S.A. Purchases New Stake in PTC Inc. $PTC

Key Points

• Capital Fund Management S.A. has invested approximately $9.90 million in PTC Inc. by acquiring 63,896 shares during the first quarter.
• PTC reported a 24.2% year-over-year increase in revenue, with earnings per share of $1.64, surpassing expectations of $1.22 for the quarter.
• Wall Street analysts have shown confidence in PTC, with the company receiving a consensus rating of "Moderate Buy" and an average target price increase to $202.14.

Capital Fund Management S.A. purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 63,896 shares of the technology company's stock, valued at approximately $9,901,000. Capital Fund Management S.A. owned approximately 0.05% of PTC at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of PTC by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock valued at $517,000 after purchasing an additional 473 shares in the last quarter. Mather Group LLC. boosted its stake in shares of PTC by 18.3% in the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company's stock valued at $131,000 after purchasing an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in PTC by 20.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock valued at $2,091,000 after buying an additional 2,285 shares during the last quarter. M&T Bank Corp raised its holdings in PTC by 8.2% in the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock valued at $1,475,000 after buying an additional 724 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in PTC by 8.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock valued at $312,000 after buying an additional 154 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of research reports. Oppenheimer raised their price objective on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada raised their price objective on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. UBS Group reiterated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Trading Down 0.8%

Shares of NASDAQ:PTC traded down $1.73 during mid-day trading on Tuesday, hitting $212.63. The company had a trading volume of 205,543 shares, compared to its average volume of 1,060,100. The firm has a fifty day moving average price of $194.26 and a 200 day moving average price of $172.20. The company has a market capitalization of $25.47 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. PTC Inc. has a one year low of $133.38 and a one year high of $219.69.

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 for the quarter, beating the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. 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, research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on 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 sale, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.

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.