Martingale Asset Management L P Sells 4,403 Shares of PTC Inc. $PTC

Key Points

• Martingale Asset Management L P reduced its holdings in PTC Inc. by 69.6%, selling 4,403 shares and retaining 1,927 shares valued at $299,000.
• Several other institutional investors, including Fifth Third Bancorp and Mirae Asset Global Investments, increased their stakes in PTC, indicating strong interest from the investment community.
• PTC reported a strong earnings performance with $1.64 EPS for the quarter, surpassing analyst estimates by $0.42 and showing a 24.2% year-over-year revenue increase.

Martingale Asset Management L P trimmed its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 69.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,927 shares of the technology company's stock after selling 4,403 shares during the quarter. Martingale Asset Management L P's holdings in PTC were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of PTC by 16.5% in the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock valued at $517,000 after buying an additional 473 shares during the last quarter. Mather Group LLC. raised its holdings in shares of PTC by 18.3% in the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock valued at $131,000 after buying an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in PTC by 20.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after purchasing an additional 2,285 shares during the period. M&T Bank Corp raised its holdings in PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after purchasing an additional 724 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after purchasing an additional 154 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 sale, the executive vice president directly owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company's stock.

PTC Price Performance

PTC stock opened at $214.35 on Tuesday. The firm has a market capitalization of $25.68 billion, a P/E ratio of 50.55, a PEG ratio of 2.29 and a beta of 1.17. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The business has a 50-day moving average of $194.26 and a 200-day moving average of $172.20. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same period in the prior year, the business earned $0.98 EPS. PTC's revenue for the quarter was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Robert W. Baird boosted their price objective on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, July 29th. Finally, Barclays set a $233.00 price objective on PTC in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

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.

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