Northern Trust Corp Has $202.43 Million Holdings in PTC Inc. $PTC

Key Points

• Northern Trust Corp reduced its stake in PTC Inc. by 0.5%, now holding 1.3 million shares valued at approximately $202 million.
• Several hedge funds including Fifth Third Bancorp and Mirae Asset Global Investments increased their stakes in PTC during the first quarter, with overall institutional ownership reaching 95.14%.
• PTC surpassed earnings expectations in its latest quarterly report, posting $1.64 earnings per share and revenue of $643.94 million, significantly above analyst estimates.

Northern Trust Corp reduced its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,306,395 shares of the technology company's stock after selling 6,878 shares during the quarter. Northern Trust Corp owned about 1.09% of PTC worth $202,426,000 at the end of the most recent reporting period.

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

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 transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares of the company's stock, 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 SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

PTC Stock Down 0.5%

NASDAQ:PTC traded down $1.07 during trading hours on Tuesday, reaching $213.28. 181,177 shares of the stock were exchanged, compared to its average volume of 1,059,973. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. 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 firm has a 50 day moving average of $194.26 and a 200 day moving average of $172.20. The stock has a market cap of $25.55 billion, a PE ratio of 50.22, a PEG ratio of 2.29 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results 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. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's revenue was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

PTC has been the subject of several analyst reports. Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Piper Sandler boosted their target price on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. BMO Capital Markets lifted their price objective on PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, July 29th. Finally, Oppenheimer lifted their price objective on PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $202.14.

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.