Rafferty Asset Management LLC Has $5 Million Stock Holdings in PTC Inc. $PTC

Key Points

• Rafferty Asset Management LLC reduced its stake in PTC Inc. by 21% during the first quarter, holding 32,296 shares valued at approximately $5 million.
• Several institutional investors, including Fifth Third Bancorp and Mirae Asset Global Investments, increased their stakes in PTC during the same period, indicating ongoing institutional interest in the company.
• Analysts have recently raised their price targets for PTC, with Royal Bank of Canada increasing it from $224 to $235, and an overall consensus rating of "Moderate Buy."

Rafferty Asset Management LLC decreased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 21.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,296 shares of the technology company's stock after selling 8,596 shares during the quarter. Rafferty Asset Management LLC's holdings in PTC were worth $5,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of PTC during the first quarter worth approximately $7,424,000. Mirova increased its stake in PTC by 1,829.3% during the 1st quarter. Mirova now owns 6,328 shares of the technology company's stock worth $981,000 after buying an additional 6,000 shares during the period. SVB Wealth LLC acquired a new stake in shares of PTC in the 1st quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. boosted its stake in PTC by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,324 shares of the technology company's stock valued at $515,000 after acquiring an additional 1,091 shares during the period. Finally, Allstate Corp boosted its position in PTC by 83.3% during the 1st quarter. Allstate Corp now owns 6,474 shares of the technology company's stock worth $1,003,000 after acquiring an additional 2,942 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

Shares of PTC stock traded down $0.74 on Tuesday, hitting $212.77. 491,405 shares of the company's stock were exchanged, compared to its average volume of 1,054,643. The company has a 50-day simple moving average of $199.00 and a 200-day simple moving average of $173.81. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The stock has a market capitalization of $25.49 billion, a PE ratio of 50.12, a PEG ratio of 2.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

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. 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 analysts' expectations of $582.12 million. During the same period in the prior year, the business posted $0.98 EPS. The firm's quarterly 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. As a group, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen cut shares of PTC from a "strong-buy" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, July 29th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets increased their price objective on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and an average target price of $202.14.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.