PTC Inc. $PTC Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has increased its holdings in PTC Inc. by 17.7%, making it the firm’s 2nd largest position with approximately 20.3 million shares valued at over $3.1 billion.
• Analysts have a positive outlook on PTC, with targets raised to as high as $245, and the stock holds an average rating of "Moderate Buy" with a consensus target price of $202.14.
• PTC reported a 24.2% year-over-year revenue increase for the recent quarter, beating analysts' expectations with earnings of $1.64 per share against a consensus estimate of $1.22.

T. Rowe Price Investment Management Inc. lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,312,856 shares of the technology company's stock after buying an additional 3,048,311 shares during the period. PTC makes up 2.1% of T. Rowe Price Investment Management Inc.'s holdings, making the stock its 2nd biggest position. T. Rowe Price Investment Management Inc. owned 16.93% of PTC worth $3,147,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of PTC by 16.5% in the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after buying an additional 473 shares in the last quarter. Mather Group LLC. raised its stake in PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock worth $131,000 after purchasing an additional 131 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after purchasing an additional 2,285 shares during the period. M&T Bank Corp raised its stake in PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after purchasing an additional 724 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in PTC by 8.3% during the first quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after purchasing an additional 154 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Up 1.5%

Shares of PTC stock traded up $3.10 during trading on Friday, reaching $215.05. The company's stock had a trading volume of 668,593 shares, compared to its average volume of 969,782. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 50.72, a P/E/G ratio of 2.25 and a beta of 1.17. The stock's 50-day moving average price is $193.43 and its 200 day moving average price is $172.01. 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 announced its quarterly earnings data 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. The firm 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 business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTC. BMO Capital Markets lifted their target price on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their target price on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus lifted 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. UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.14.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 in the company, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

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.