CW Advisors LLC Sells 66,135 Shares of PTC Inc. $PTC

Key Points

• CW Advisors LLC reduced its holdings in PTC Inc. by 70.4%, selling 66,135 shares and holding 27,784 shares valued at $4.3 million at the end of the last reporting period.
• Analysts have raised their price targets for PTC, with KeyCorp setting a new target of $245.00, while the consensus rating for the stock remains a "Moderate Buy" with a price target of $202.14.
• PTC's recent earnings report exceeded expectations, with earnings per share of $1.64 and a revenue of $643.94 million, marking a 24.2% increase year-over-year.

CW Advisors LLC trimmed its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 70.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 27,784 shares of the technology company's stock after selling 66,135 shares during the quarter. CW Advisors LLC's holdings in PTC were worth $4,305,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake 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 valued at $517,000 after acquiring an additional 473 shares during the period. Mather Group LLC. raised 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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 in the last quarter. M&T Bank Corp raised 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 in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after acquiring an additional 154 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PTC shares. KeyCorp reissued an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Oppenheimer upped their price objective on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price target on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

PTC Stock Up 1.5%

Shares of PTC opened at $215.05 on Friday. 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 Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock's 50 day moving average is $193.43 and its two-hundred day moving average is $171.88. The firm has a market cap of $25.76 billion, a P/E ratio of 50.72, a PEG ratio of 2.29 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal 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.

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