Graham Capital Management L.P. Acquires Shares of 4,479 PTC Inc. $PTC

Key Points

• Graham Capital Management L.P. has invested approximately $694,000 in PTC Inc., acquiring 4,479 shares of the technology company's stock, as reported in its recent 13F SEC filing.
• Analyst ratings for PTC have been mostly positive, with eleven analysts
• PTC recently reported strong quarterly earnings, with an EPS of $1.64 surpassing estimates, and a revenue of $643.94 million, up 24.2% year-over-year.

Graham Capital Management L.P. acquired a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,479 shares of the technology company's stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its holdings in PTC by 17.7% in the 1st 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 during the period. Vanguard Group Inc. boosted its holdings in PTC by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock valued at $2,220,771,000 after purchasing an additional 39,688 shares during the period. Pictet Asset Management Holding SA boosted its holdings in PTC by 41.6% in the 1st 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. Wellington Management Group LLP boosted its holdings in PTC by 1.9% in the 1st quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock valued at $367,382,000 after purchasing an additional 44,961 shares during the period. Finally, Nuveen LLC bought a new position in PTC in the 1st quarter valued at $241,789,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on PTC shares. 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. Stifel Nicolaus raised 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. Oppenheimer raised their price target on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of PTC from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.14.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

PTC Price Performance

Shares of PTC stock traded up $0.70 on Wednesday, hitting $204.73. 130,849 shares of the company traded hands, compared to its average volume of 1,046,665. The company has a market cap of $24.52 billion, a P/E ratio of 48.28, a P/E/G ratio of 2.26 and a beta of 1.18. The firm's 50-day simple moving average is $203.92 and its 200 day simple moving average is $175.58. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. 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 (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The company 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 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.