HighTower Advisors LLC Has $633,000 Stock Holdings in PTC Inc. $PTC

Key Points

• HighTower Advisors LLC reduced its stake in PTC Inc. by 30.9%, now holding 4,083 shares valued at $633,000, according to a recent SEC filing.
• PTC's stock received multiple price target upgrades from analysts, with Oppenheimer raising its target to $240.00 and BMO Capital Markets increasing it to $231.00.
• PTC reported earnings of $1.64 per share for the last quarter, surpassing consensus estimates and reflecting a 24.2% year-over-year revenue increase.

HighTower Advisors LLC lowered its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 30.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,083 shares of the technology company's stock after selling 1,824 shares during the quarter. HighTower Advisors LLC's holdings in PTC were worth $633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC bought a new stake in PTC in the 1st quarter valued at $26,000. Motco bought a new stake in PTC in the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PTC in the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new stake in PTC in the first quarter valued at $39,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of PTC in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer increased their price target on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Royal Bank Of Canada raised their target price on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, PTC currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Down 0.4%

Shares of PTC stock traded down $0.86 on Tuesday, hitting $212.64. The company had a trading volume of 809,552 shares, compared to its average volume of 1,056,751. The firm has a market capitalization of $25.47 billion, a P/E ratio of 50.15, a P/E/G ratio of 2.27 and a beta of 1.18. 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 twelve month low of $133.38 and a twelve month high of $219.69. The stock has a 50-day moving average of $199.00 and a 200-day moving average of $173.81.

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, topping analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates 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 prior year, the business 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. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.