PTC Inc. $PTC Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in PTC Inc. by 63% in the first quarter, now owning 100,125 shares valued at approximately $15.5 million.
• PTC reported a quarterly EPS of $1.64, surpassing expectations, with revenue of $643.94 million, indicating a year-over-year growth of 24.2%.
• PTC's stock has received multiple upgrades from analysts, with targets ranging from $225 to $245, while the current consensus rating is a "Moderate Buy."

Russell Investments Group Ltd. lifted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 63.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,125 shares of the technology company's stock after purchasing an additional 38,709 shares during the period. Russell Investments Group Ltd. owned about 0.08% of PTC worth $15,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. lifted its stake in shares of PTC by 3.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 40,768 shares of the technology company's stock valued at $6,316,000 after purchasing an additional 1,536 shares during the period. Iyo Bank Ltd. lifted its stake in shares of PTC by 14.3% in the 1st quarter. Iyo Bank Ltd. now owns 7,435 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 930 shares during the period. Trust Asset Management LLC lifted its stake in shares of PTC by 10.4% in the 1st quarter. Trust Asset Management LLC now owns 1,356 shares of the technology company's stock valued at $210,000 after purchasing an additional 128 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of PTC by 7.8% in the 1st quarter. Public Sector Pension Investment Board now owns 18,680 shares of the technology company's stock valued at $2,894,000 after purchasing an additional 1,354 shares during the period. Finally, Nuveen LLC purchased a new stake in PTC in the 1st quarter worth $241,789,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Up 0.8%

Shares of PTC traded up $1.66 during mid-day trading on Thursday, reaching $212.55. The stock had a trading volume of 518,918 shares, compared to its average volume of 1,066,901. 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 52-week low of $133.38 and a 52-week high of $219.69. The business's fifty day moving average is $191.69 and its 200 day moving average is $171.69. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 2.23 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same period last year, the business earned $0.98 earnings per share. The business's revenue for the quarter 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, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

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 shares were 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 owned 15,743 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. BMO Capital Markets boosted their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their target price on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and an average price target of $202.14.

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.