MIG Capital LLC Purchases Shares of 3,505 PTC Inc. $PTC

Key Points

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MIG Capital LLC bought a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,505 shares of the technology company's stock, valued at approximately $543,000.

Other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC in the 1st quarter valued at about $26,000. Motco acquired a new stake in shares of PTC during the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PTC during the first quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of PTC during the first quarter worth approximately $39,000. Finally, UMB Bank n.a. boosted its holdings in shares of PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after purchasing an additional 178 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PTC 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

PTC Stock Up 1.5%

PTC traded up $3.10 during midday trading on Friday, hitting $215.05. 668,593 shares of the company's stock traded hands, compared to its average volume of 969,782. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. 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 stock's fifty day simple moving average is $193.43 and its 200-day simple moving average is $172.01. The company has a market cap of $25.76 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. During the same quarter last year, the company posted $0.98 earnings per share. The company'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. As a group, equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PTC shares. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, July 29th. BMO Capital Markets raised their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada raised their price target on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, UBS Group restated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

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.