Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in PTC Inc. (NASDAQ:PTC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in PTC Inc. by 3.5%, now holding 60,370 shares valued at approximately $9.35 million.
• Multiple research analysts have mixed views on PTC, with Mizuho dropping its price target to $160, while Barclays raised it to $203, indicating varying levels of confidence in the stock's performance.
• PTC reported earnings per share (EPS) of $1.79 for the last quarter, exceeding estimates by $0.42 and demonstrating a 5.5% year-over-year revenue increase.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,370 shares of the technology company's stock after purchasing an additional 2,048 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of PTC worth $9,354,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in PTC by 16.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,632 shares of the technology company's stock valued at $668,000 after purchasing an additional 523 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in PTC in the 4th quarter valued at about $207,000. LPL Financial LLC raised its position in PTC by 14.6% in the 4th quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock valued at $3,294,000 after purchasing an additional 2,285 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in PTC by 4.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,089 shares of the technology company's stock valued at $568,000 after purchasing an additional 130 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in PTC by 7.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,185 shares of the technology company's stock valued at $15,847,000 after purchasing an additional 6,283 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president owned 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of analyst reports. Mizuho reduced their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Piper Sandler cut their target price on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets raised their target price on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays raised their target price on PTC from $175.00 to $203.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, PTC presently has a consensus rating of "Moderate Buy" and an average price target of $194.08.

PTC Stock Performance

PTC traded down $1.00 during trading on Tuesday, hitting $203.00. 135,365 shares of the stock were exchanged, compared to its average volume of 1,070,183. The firm has a market capitalization of $24.35 billion, a P/E ratio of 55.85, a PEG ratio of 2.78 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $213.14. The stock has a fifty day moving average price of $178.24 and a two-hundred day moving average price of $169.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 15.35% and a net margin of 18.77%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share 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.