National Pension Service Acquires 22,863 Shares of PTC Inc. $PTC

Key Points

• The National Pension Service increased its stake in PTC Inc. by 11.8%, owning 215,952 shares valued at approximately $33.46 million at the end of the last reporting period.
• Brokerage analysts have raised price targets for PTC, with a consensus target price of $202.14 and several firms offering "outperform" and "strong buy" ratings.
• PTC recently reported earnings per share of $1.64, exceeding estimates, and marked a 24.2% increase in revenue compared to the previous year.

National Pension Service boosted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,952 shares of the technology company's stock after buying an additional 22,863 shares during the period. National Pension Service owned approximately 0.18% of PTC worth $33,462,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new stake in PTC during the first quarter valued at $26,000. Motco bought a new stake in PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter worth about $33,000. Zions Bancorporation National Association UT bought a new stake in PTC during the first quarter worth about $39,000. Finally, Pinney & Scofield Inc. bought a new stake in PTC during the fourth quarter worth about $47,000. Institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

PTC has been the subject of several research analyst reports. Piper Sandler lifted their price target on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on PTC and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Barclays set a $233.00 price objective on PTC in a report on Thursday, July 31st. Oppenheimer lifted their price objective on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective 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 given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Down 0.3%

PTC stock traded down $0.64 during trading hours on Wednesday, hitting $209.23. 292,198 shares of the stock traded hands, compared to its average volume of 1,066,893. The firm's 50-day moving average price is $190.90 and its two-hundred day moving average price is $171.42. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.06 billion, a PE ratio of 49.34, a PEG ratio of 2.21 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year 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 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 business had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same period in the previous year, the firm posted $0.98 EPS. The business's revenue was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.