PTC Inc. $PTC Shares Acquired by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp has increased its stake in PTC Inc. by 41,678.9%, acquiring a total of 191,765 shares valued at approximately $29.71 million.
• PTC recently reported earnings of $1.64 per share, exceeding estimates and achieving a net margin of 20.74% with a 24.2% year-over-year revenue increase.
• Analysts have shown strong confidence in PTC, with various firms raising their target prices, most notably from $225 to $240, while maintaining "buy" or "outperform" ratings.

Jones Financial Companies Lllp increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 41,678.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,765 shares of the technology company's stock after acquiring an additional 191,306 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.16% of PTC worth $29,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC during the first quarter worth about $26,000. Motco acquired a new stake in PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC during the first quarter worth about $33,000. Zions Bancorporation National Association UT acquired a new stake in PTC during the first quarter worth about $39,000. Finally, SVB Wealth LLC acquired a new stake in PTC during the first quarter worth about $41,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 transaction, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by company insiders.

Analyst Ratings Changes

PTC has been the topic of several research reports. BMO Capital Markets increased their price objective on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer upped their target price on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, July 29th. 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. Finally, Royal Bank Of Canada upped their target price 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. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Price Performance

Shares of PTC stock traded down $1.92 on Friday, hitting $205.11. The company had a trading volume of 520,517 shares, compared to its average volume of 823,465. The business has a 50-day simple moving average of $205.78 and a 200-day simple moving average of $176.38. 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 $24.57 billion, a PE ratio of 48.38, a PEG ratio of 2.20 and a beta of 1.18. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million during 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 business's 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. Research analysts expect that PTC Inc. will post 4.46 EPS 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.