O ROURKE & COMPANY Inc purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,496 shares of the technology company's stock, valued at approximately $258,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group increased its position in PTC by 15.5% during the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock valued at $68,000 after acquiring an additional 59 shares during the last quarter. D.A. Davidson & CO. increased its position in PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after acquiring an additional 70 shares during the last quarter. American Century Companies Inc. increased its position in PTC by 3.3% in the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after buying an additional 73 shares in the last quarter. Ballentine Partners LLC increased its position in PTC by 0.9% in the second quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company's stock worth $1,476,000 after buying an additional 73 shares in the last quarter. Finally, Empowered Funds LLC increased its position in PTC by 3.1% in the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock worth $387,000 after buying an additional 75 shares in the last quarter. 95.14% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on the company. Oppenheimer upped their price target on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, July 29th. Finally, UBS Group restated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $202.14.
Check Out Our Latest Research Report on PTC
Insider Activity
In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 completion of the sale, the executive vice president directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.
PTC Price Performance
Shares of PTC stock opened at $203.02 on Wednesday. The stock has a 50 day moving average of $208.25 and a 200 day moving average of $180.20. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The firm has a market cap of $24.32 billion, a PE ratio of 47.88, a PEG ratio of 2.10 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.
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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the company earned $0.98 earnings per share. The firm'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 expect that PTC Inc. will post 4.46 EPS for the current fiscal year.
PTC Company Profile
(
Free Report)
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.
Featured Stories
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