PTC Inc. $PTC Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in PTC Inc. by 6.1% in Q2, now owning 29,319 shares valued at approximately $5.05 million.
• PTC reported earnings of $1.64 EPS for the last quarter, exceeding estimates of $1.22, alongside a quarterly revenue of $643.94 million, a 24.2% increase year-over-year.
• Research analysts maintain a consensus rating of "Moderate Buy" for PTC, with a target price averaging $202.14.

Czech National Bank boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,319 shares of the technology company's stock after buying an additional 1,683 shares during the quarter. Czech National Bank's holdings in PTC were worth $5,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its position in PTC by 33.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the technology company's stock worth $89,000 after buying an additional 129 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of PTC in the first quarter valued at about $972,000. Strs Ohio purchased a new stake in shares of PTC in the first quarter valued at about $4,267,000. Addison Capital Co lifted its holdings in shares of PTC by 17.4% in the first quarter. Addison Capital Co now owns 3,951 shares of the technology company's stock valued at $612,000 after purchasing an additional 587 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock valued at $46,000 after purchasing an additional 76 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

PTC Trading Down 0.1%

PTC stock traded down $0.24 on Friday, hitting $205.95. 1,638,273 shares of the company were exchanged, compared to its average volume of 781,501. PTC Inc. has a twelve month low of $133.38 and a twelve month 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 business's fifty day moving average is $207.24 and its two-hundred day moving average is $177.88. The stock has a market capitalization of $24.67 billion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the business posted $0.98 earnings per share. PTC's revenue for the quarter 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. As a group, research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PTC. Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC 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. Oppenheimer upped their price objective on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given 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.