Mn Services Vermogensbeheer B.V. Increases Stock Position in PTC Inc. $PTC

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in PTC Inc. by 8.3% during the second quarter, acquiring a total of 46,800 shares valued at approximately $8.1 million.
• Various institutional investors, including Swedbank AB, which raised its position by 26.9%, and Fiduciary Alliance LLC, which increased by 30.3%, continue to bolster their holdings in PTC shares, indicating strong market confidence.
• PTC reported earnings of $1.64 per share for the last quarter, exceeding expectations of $1.22 and reflecting a revenue increase of 24.2% year-over-year.

Mn Services Vermogensbeheer B.V. lifted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 8.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 46,800 shares of the technology company's stock after buying an additional 3,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in PTC were worth $8,066,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wedmont Private Capital raised its stake in PTC by 2.7% during the second quarter. Wedmont Private Capital now owns 4,054 shares of the technology company's stock worth $699,000 after purchasing an additional 107 shares during the period. Swedbank AB raised its holdings in shares of PTC by 26.9% during the 2nd quarter. Swedbank AB now owns 85,067 shares of the technology company's stock valued at $14,660,000 after buying an additional 18,026 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in PTC by 2.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,095 shares of the technology company's stock worth $2,946,000 after acquiring an additional 369 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in PTC in the second quarter valued at approximately $214,000. Finally, Fiduciary Alliance LLC raised its stake in shares of PTC by 30.3% during the second quarter. Fiduciary Alliance LLC now owns 4,464 shares of the technology company's stock valued at $769,000 after purchasing an additional 1,039 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PTC. BMO Capital Markets lifted their price target 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. Piper Sandler boosted their target price on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada lifted their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus price target of $202.14.

Insider Buying and Selling

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. Insiders own 0.32% of the company's stock.

PTC Stock Performance

PTC stock opened at $205.95 on Friday. The firm has a 50 day simple moving average of $207.24 and a 200 day simple moving average of $177.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The stock has a market cap of $24.67 billion, a P/E ratio of 48.57, a P/E/G ratio of 2.13 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.42. The firm 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 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 anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

About PTC

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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