Curi RMB Capital LLC Reduces Stock Position in PTC Inc. $PTC

Key Points

• Curi RMB Capital LLC reduced its stake in PTC Inc. by 23.5%, now holding 201,445 shares valued at approximately $31.21 million, making it the firm's 29th largest holding.
• Major investors such as T. Rowe Price and Pictet Asset Management have increased their holdings in PTC, with T. Rowe Price boosting theirs by 17.7% to over $3.14 billion.
• Wall Street analysts have projected a positive outlook for PTC, with multiple firms raising their price targets, including BMO Capital Markets which increased its target from $187 to $231, and the consensus target price now sits at $202.14.

Curi RMB Capital LLC reduced its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,445 shares of the technology company's stock after selling 61,907 shares during the period. PTC accounts for about 0.8% of Curi RMB Capital LLC's portfolio, making the stock its 29th largest holding. Curi RMB Capital LLC owned about 0.17% of PTC worth $31,214,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

PTC has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. KeyCorp reaffirmed an "overweight" rating and set a $245.00 price target (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Finally, Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

Insider Buying and Selling

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

PTC Trading Down 0.5%

PTC traded down $1.17 during trading on Monday, reaching $212.73. 1,279,550 shares of the stock traded hands, compared to its average volume of 1,049,874. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.48 billion, a PE ratio of 50.17, a P/E/G ratio of 2.27 and a beta of 1.18. The stock's 50-day moving average is $202.49 and its 200 day moving average is $175.03. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the company 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. Equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

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.