PTC Inc. $PTC Holdings Boosted by Dakota Wealth Management

Key Points

• Institutional Investment: Dakota Wealth Management increased its holdings in PTC Inc. by 28.2% in Q2, with a total value of approximately $5.12 million.
• Quarterly Earnings: PTC reported EPS of $1.64, exceeding analysts' expectations of $1.22, and a revenue increase of 24.2% from the previous year.
• Analyst Ratings: Analysts have varying price targets for PTC, with Barclays setting a target of $233 and several firms maintaining "buy" ratings, reflecting strong market interest.

Dakota Wealth Management grew its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 28.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,696 shares of the technology company's stock after purchasing an additional 6,526 shares during the period. Dakota Wealth Management's holdings in PTC were worth $5,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vise Technologies Inc. purchased a new position in PTC during the 4th quarter valued at about $234,000. Toronto Dominion Bank boosted its holdings in shares of PTC by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 64,257 shares of the technology company's stock worth $11,815,000 after purchasing an additional 4,963 shares during the period. Mackenzie Financial Corp grew its position in PTC by 11.4% during the fourth quarter. Mackenzie Financial Corp now owns 10,868 shares of the technology company's stock valued at $1,998,000 after purchasing an additional 1,109 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PTC in the 4th quarter valued at approximately $10,724,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of PTC in the fourth quarter worth $7,077,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

NASDAQ PTC opened at $202.71 on Friday. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. 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 stock has a market cap of $24.28 billion, a P/E ratio of 47.81, a PEG ratio of 2.10 and a beta of 1.18. The company's 50-day simple moving average is $208.08 and its 200 day simple moving average is $179.05.

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, topping 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 firm had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same quarter last year, the company earned $0.98 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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 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 sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

PTC has been the subject of a number of analyst reports. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 20th. Stifel Nicolaus upped their price objective on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Piper Sandler increased their target price on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

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.

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