PTC Inc. $PTC Stock Position Lowered by Prudential PLC

Key Points

• Prudential PLC significantly reduced its stake in PTC Inc. by 80.6%, owning only 8,648 shares after selling 36,001 shares in the first quarter.
• Despite Prudential's reduction, other institutional investors have increased their positions in PTC, contributing to institutional ownership rising to 95.14% of the company's stock.
• PTC reported earnings per share of $1.64 for the most recent quarter, exceeding analysts' expectations and showing a 24.2% increase in revenue compared to the prior year.

Prudential PLC cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 80.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,648 shares of the technology company's stock after selling 36,001 shares during the period. Prudential PLC's holdings in PTC were worth $1,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC in the 1st quarter valued at about $26,000. Motco acquired a new stake in shares of PTC in the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC during the first quarter worth $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC during the 1st quarter worth about $39,000. Finally, UMB Bank n.a. increased its holdings in shares of PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Barclays set a $233.00 price objective on PTC in a research note on Thursday, July 31st. Oppenheimer lifted their price objective on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $202.14.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company'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 transaction, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company's stock.

PTC Price Performance

NASDAQ PTC traded up $0.44 during trading hours on Tuesday, reaching $208.75. The company's stock had a trading volume of 182,776 shares, compared to its average volume of 1,069,235. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company's 50-day moving average is $190.12 and its two-hundred day moving average is $171.15. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The stock has a market cap of $25.01 billion, a PE ratio of 49.23, a PEG ratio of 2.19 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company's revenue was up 24.2% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.