UniSuper Management Pty Ltd Purchases 2,139 Shares of PTC Inc. $PTC

Key Points

• UniSuper Management Pty Ltd increased its holdings in PTC Inc. by 7.6% in the first quarter, now owning 30,269 shares valued at approximately $4.69 million.
• PTC's latest quarterly earnings exceeded analysts' estimates, reporting $1.64 EPS and a revenue increase of 24.2% year-over-year.
• Analysts have set a consensus target price of $202.14 for PTC shares, with a current rating of "Moderate Buy" from multiple firms.

UniSuper Management Pty Ltd lifted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,269 shares of the technology company's stock after buying an additional 2,139 shares during the period. UniSuper Management Pty Ltd's holdings in PTC were worth $4,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Palestra Capital Management LLC raised its holdings in PTC by 21.7% during the first quarter. Palestra Capital Management LLC now owns 1,113,417 shares of the technology company's stock worth $172,524,000 after purchasing an additional 198,469 shares in the last quarter. Permanens Capital L.P. bought a new stake in PTC during the first quarter worth approximately $288,000. Nissay Asset Management Corp Japan ADV raised its holdings in PTC by 1.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 14,676 shares of the technology company's stock worth $2,274,000 after purchasing an additional 214 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its holdings in PTC by 9.8% during the first quarter. Nippon Life Global Investors Americas Inc. now owns 8,490 shares of the technology company's stock worth $1,316,000 after purchasing an additional 760 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in PTC by 14.3% during the first quarter. Advisors Asset Management Inc. now owns 11,390 shares of the technology company's stock worth $1,765,000 after purchasing an additional 1,421 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. KeyCorp reissued an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Barclays set a $233.00 target price on PTC in a report on Thursday, July 31st. Stifel Nicolaus upped their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Stock Down 0.9%

NASDAQ:PTC traded down $1.92 during trading hours on Friday, reaching $205.11. The company's stock had a trading volume of 520,517 shares, compared to its average volume of 1,048,211. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The business's 50-day moving average is $205.18 and its 200-day moving average is $176.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick 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 (EPS) for the quarter, topping 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%. PTC's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the company 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. Equities research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were 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 approximately $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

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.