Mirae Asset Global Investments Co. Ltd. Has $2.84 Million Stake in PTC Inc. $PTC

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in PTC Inc. by 22.0% in the second quarter, owning a total of 16,478 shares valued at approximately $2.84 million.
$202.26, down 1.3%, and has a market capitalization of $24.23 billion with a 52-week high of $219.69.
• The company reported $1.64 earnings per share (EPS) for the last quarter, exceeding estimates and marking a year-over-year revenue growth of 24.2%.

Mirae Asset Global Investments Co. Ltd. grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 22.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,478 shares of the technology company's stock after purchasing an additional 2,968 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in PTC were worth $2,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of PTC during the second quarter valued at approximately $222,000. Robeco Institutional Asset Management B.V. increased its position in shares of PTC by 0.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 164,920 shares of the technology company's stock valued at $28,422,000 after purchasing an additional 1,209 shares during the period. O ROURKE & COMPANY Inc bought a new stake in shares of PTC during the second quarter valued at approximately $258,000. Union Bancaire Privee UBP SA increased its position in shares of PTC by 93.8% during the second quarter. Union Bancaire Privee UBP SA now owns 1,860 shares of the technology company's stock valued at $315,000 after purchasing an additional 900 shares during the period. Finally, Chicago Capital LLC acquired a new position in PTC in the second quarter worth about $859,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 1.3%

NASDAQ:PTC opened at $202.26 on Wednesday. The stock's fifty day moving average price is $208.24 and its two-hundred day moving average price is $181.70. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 1.97 and a beta of 1.14.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results 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 company had revenue of $643.94 million for 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% on a year-over-year basis. During the same quarter last 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. On average, analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction 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 $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PTC. UBS Group reissued a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 price objective on PTC in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Zacks Research cut PTC from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Oppenheimer lifted their price objective on PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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