Chicago Capital LLC Purchases Shares of 4,982 PTC Inc. $PTC

Key Points

• Chicago Capital LLC has acquired a new stake in PTC Inc., purchasing 4,982 shares valued at approximately $859,000 in the second quarter.
• PTC recently reported a quarterly earnings of $1.64 EPS, exceeding analysts' expectations, along with a revenue of $643.94 million, marking a 24.2% year-over-year increase.
• Brokerages are optimistic about PTC's future, with several raising their price targets; for example, BMO Capital Markets increased its target from $187.00 to $231.00 and gave the stock an "outperform" rating.

Chicago Capital LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,982 shares of the technology company's stock, valued at approximately $859,000.

Several other institutional investors also recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC acquired a new position in PTC during the 1st quarter worth about $26,000. Motco bought a new position in shares of PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC in the first quarter worth approximately $33,000. Zions Bancorporation National Association UT bought a new stake in PTC in the first quarter valued at approximately $39,000. Finally, SVB Wealth LLC acquired a new stake in PTC during the 1st quarter valued at approximately $41,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Performance

Shares of PTC stock opened at $203.02 on Wednesday. The business has a 50-day simple moving average of $208.25 and a 200 day simple moving average of $180.20. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. 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 firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 2.10 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PTC. BMO Capital Markets boosted their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $233.00 target price on shares of PTC in a report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Piper Sandler boosted their price objective on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Buying and Selling

In other PTC 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 transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Company 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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