Ethic Inc. Sells 6,190 Shares of PTC Inc. $PTC

Key Points

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Ethic Inc. lowered its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 33.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,442 shares of the technology company's stock after selling 6,190 shares during the period. Ethic Inc.'s holdings in PTC were worth $1,943,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC in the 1st quarter worth approximately $26,000. Motco acquired a new position in shares of PTC in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC in the 1st quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC in the 1st quarter worth approximately $39,000. Finally, UMB Bank n.a. increased its position in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Up 0.5%

PTC traded up $1.06 on Thursday, reaching $211.95. 863,578 shares of the company traded hands, compared to its average volume of 1,069,190. 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 company has a market cap of $25.39 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 2.23 and a beta of 1.17. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The stock's 50 day moving average price is $191.69 and its 200-day moving average price is $171.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its 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. The company had revenue of $643.94 million during 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%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous 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. On average, sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. UBS Group reissued a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Buying and Selling

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

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.