Alliance Wealth Advisors LLC UT Has $871,000 Holdings in PTC Inc. $PTC

Key Points

• Alliance Wealth Advisors LLC UT has reduced its stake in PTC Inc. by 20.3%, selling 1,432 shares, bringing its total to 5,624 shares worth approximately $871,000.
• PTC reported strong quarterly earnings, with $1.64 EPS for the quarter, significantly outperforming analysts' expectations of $1.22 and showcasing a 24.2% year-over-year revenue increase to $643.94 million.
• Currently, 95.14% of PTC's stock is owned by institutional investors, with several increasing their stakes, including T. Rowe Price, which raised its holdings by 11.4%.

Alliance Wealth Advisors LLC UT reduced its position in PTC Inc. (NASDAQ:PTC - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,624 shares of the technology company's stock after selling 1,432 shares during the period. Alliance Wealth Advisors LLC UT's holdings in PTC were worth $871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wahed Invest LLC lifted its holdings in PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after acquiring an additional 61 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock worth $582,000 after acquiring an additional 70 shares in the last quarter. American Century Companies Inc. lifted its holdings in PTC by 3.3% during the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after acquiring an additional 73 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in PTC by 2.4% during the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock worth $514,000 after acquiring an additional 78 shares in the last quarter. Finally, Strategic Advisors LLC lifted its holdings in PTC by 1.1% during the first quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock worth $1,198,000 after acquiring an additional 83 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Up 0.6%

Shares of NASDAQ:PTC traded up $1.1950 during midday trading on Wednesday, reaching $211.0650. The company had a trading volume of 418,481 shares, compared to its average volume of 1,067,711. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $190.90 and its 200 day moving average price is $171.42. The stock has a market cap of $25.28 billion, a PE ratio of 49.72, a P/E/G ratio of 2.21 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The business had revenue of $643.94 million for 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%.PTC's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent analyst reports. UBS Group reiterated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Oppenheimer boosted their price target on PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Robert W. Baird boosted their price target on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. 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

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 sale, the executive vice president owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company's stock.

PTC 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.