Durable Capital Partners LP Reduces Position in PTC Inc. $PTC

Key Points

• Durable Capital Partners LP has significantly reduced its holdings in PTC Inc. by 46.7%, now owning approximately 0.20% of the company.
• PTC's recent earnings report showed an earnings per share of $1.64, surpassing estimates, with revenue of $643.94 million, marking a 24.2% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for PTC, with an average target price of $202.14 amid varying ratings from different financial institutions.

Durable Capital Partners LP decreased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 46.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,065 shares of the technology company's stock after selling 205,777 shares during the quarter. Durable Capital Partners LP owned about 0.20% of PTC worth $36,423,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PTC. T. Rowe Price Investment Management Inc. grew its holdings in shares of PTC by 17.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock worth $3,147,478,000 after buying an additional 3,048,311 shares in the last quarter. Nuveen LLC purchased a new stake in shares of PTC in the first quarter valued at about $241,789,000. Pictet Asset Management Holding SA grew its holdings in shares of PTC by 41.6% in the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares during the period. GAMMA Investing LLC grew its holdings in shares of PTC by 13,184.0% in the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock valued at $53,517,000 after purchasing an additional 342,784 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of PTC in the fourth quarter valued at about $59,506,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.7%

Shares of NASDAQ:PTC opened at $213.50 on Monday. The firm's 50 day moving average price is $198.06 and its 200 day moving average price is $173.51. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results 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 firm had revenue of $643.94 million for 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 firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 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 $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PTC shares. UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Piper Sandler increased their target price on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. KeyCorp reaffirmed an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

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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