Neuberger Berman Group LLC Has $1.39 Million Stock Position in PTC Inc. $PTC

Key Points

• Neuberger Berman Group LLC significantly reduced its stake in PTC Inc. by 86.3%, selling 56,132 shares and leaving it with only 8,948 shares worth approximately $1.39 million.
• Various institutional investors including Fifth Third Bancorp and Mirae Asset Global Investments have increased their holdings in PTC, indicating strong investor interest with institutional ownership now at 95.14%.
• PTC's latest earnings report showed a strong performance, with $1.64 earnings per share and a revenue of $643.94 million, surpassing analysts' expectations.

Neuberger Berman Group LLC cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 86.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,948 shares of the technology company's stock after selling 56,132 shares during the quarter. Neuberger Berman Group LLC's holdings in PTC were worth $1,386,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of PTC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock worth $2,220,771,000 after acquiring an additional 39,688 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after purchasing an additional 844,418 shares in the last quarter. Nuveen LLC bought a new stake in shares of PTC during the 1st quarter worth approximately $241,789,000. Finally, Fernbridge Capital Management LP raised its stake in shares of PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after purchasing an additional 85,564 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer boosted their target price on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their target price on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Barclays set a $233.00 target price on PTC in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Price Performance

Shares of PTC stock traded down $0.5170 on Wednesday, hitting $209.3530. 292,198 shares of the company's stock were exchanged, compared to its average volume of 1,066,893. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock has a market cap of $25.08 billion, a P/E ratio of 49.34, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. The company has a 50 day moving average of $190.90 and a 200 day moving average of $171.42.

PTC (NASDAQ:PTC - Get Free Report) last posted its 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. The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the company 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. On average, equities research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company's stock.

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.