PTC Inc. $PTC Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in PTC Inc. by 26.5% during the second quarter, owning a total of 13,538 shares worth approximately $2.33 million.
• PTC's stock has recently received multiple upgrades from analysts, with KeyCorp raising the target price to $245.00 and Oppenheimer to $240.00, indicating a positive outlook on the company's performance.
• The company's quarterly earnings report revealed an EPS of $1.64, significantly surpassing expectations, with a revenue of $643.94 million, a 24.2% year-over-year increase.

Vanguard Personalized Indexing Management LLC grew its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 26.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,538 shares of the technology company's stock after acquiring an additional 2,835 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in PTC were worth $2,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC acquired a new position in PTC during the first quarter valued at $26,000. Motco purchased a new position in shares of PTC during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PTC during the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC in the 1st quarter valued at about $39,000. Finally, SVB Wealth LLC acquired a new position in shares of PTC in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

PTC has been the topic of several analyst reports. KeyCorp reaffirmed an "overweight" rating and set a $245.00 target price (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Oppenheimer raised their price objective on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th. Weiss Ratings raised shares of PTC from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets raised their price target 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. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Stock Up 0.4%

Shares of NASDAQ PTC opened at $202.80 on Thursday. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The company's 50-day simple moving average is $206.90 and its 200-day simple moving average is $183.26. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same period last year, the company posted $0.98 EPS. PTC's quarterly revenue 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. Equities analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 completion of the transaction, the executive vice president directly owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.

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