MBB Public Markets I LLC Takes $306,000 Position in PTC Inc. $PTC

Key Points

• MBB Public Markets I LLC purchased $306,000 worth of shares in PTC Inc., acquiring 1,974 shares during the first quarter.
• PTC reported quarterly earnings of $1.64 EPS, exceeding expectations by $0.42, and saw a revenue increase of 24.2% compared to the previous year.
• Institutional investors hold a significant share of PTC, with 95.14% of the company's stock owned by these large investors and hedge funds.

MBB Public Markets I LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,974 shares of the technology company's stock, valued at approximately $306,000.

A number of other large investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of PTC by 17.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after acquiring an additional 3,048,311 shares during the period. Vanguard Group Inc. raised its holdings in shares of PTC by 0.3% during the first quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock valued at $2,220,771,000 after acquiring an additional 39,688 shares during the period. Pictet Asset Management Holding SA increased its stake 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 buying an additional 844,418 shares during the period. Wellington Management Group LLP increased its stake 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 buying an additional 44,961 shares during the period. Finally, Nuveen LLC acquired a new position in PTC in the 1st quarter valued at approximately $241,789,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Performance

PTC stock opened at $204.50 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $204.55 and a two-hundred day moving average of $175.78. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of 2.17 and a beta of 1.18. PTC Inc. has a 12 month low of $133.38 and a 12 month 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, topping the consensus estimate of $1.22 by $0.42. The business 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%. PTC's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the topic of several research reports. Wall Street Zen lowered shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Oppenheimer upped their price objective on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $202.14.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company's stock.

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.

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