Equitable Trust Co. Has $684,000 Stock Holdings in PTC Inc. $PTC

Key Points

• Equitable Trust Co. increased its holdings in PTC Inc. by 58.1%, owning 3,969 shares worth $684,000 as of the latest SEC filing.
• PTC reported a 24.2% year-over-year increase in quarterly revenue, reaching $643.94 million, and earnings per share of $1.64, exceeding analysts' expectations.
• Institutional investors own 95.14% of PTC Inc.'s stock, indicating strong interest and confidence in the company's performance.

Equitable Trust Co. boosted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 58.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,969 shares of the technology company's stock after buying an additional 1,459 shares during the period. Equitable Trust Co.'s holdings in PTC were worth $684,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in PTC by 15.5% during the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock valued at $68,000 after purchasing an additional 59 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in PTC by 1.9% during the first 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 last quarter. American Century Companies Inc. lifted its holdings in PTC by 3.3% during the first 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 last quarter. Ballentine Partners LLC lifted its holdings in PTC by 0.9% during the second quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company's stock valued at $1,476,000 after purchasing an additional 73 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock valued at $387,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

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 directly 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 document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

PTC Trading Up 0.4%

Shares of PTC opened at $202.80 on Thursday. The firm's 50 day simple moving average is $206.90 and its 200 day simple moving average is $183.26. The company has a market capitalization of $24.29 billion, a P/E ratio of 47.83, a P/E/G ratio of 1.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PTC shares. Zacks Research downgraded shares of PTC from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. 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 report on Thursday, July 31st. 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. Weiss Ratings raised shares of PTC from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, KeyCorp reissued an "overweight" rating and issued a $245.00 price target (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, PTC presently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

About PTC

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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