PTC Inc. $PTC Shares Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in PTC Inc. by 18.4%, acquiring a total of 76,482 shares worth approximately $11.85 million.
• Recent analyst reports reveal a generally positive outlook for PTC, with Wells Fargo maintaining an "overweight" rating and several firms raising their price targets for the stock, with an average target of $202.14.
• PTC reported earnings of $1.64 per share in its latest quarterly results, surpassing estimates and showing a 24.2% year-over-year revenue growth of $643.94 million.

Flputnam Investment Management Co. boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 18.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,482 shares of the technology company's stock after acquiring an additional 11,896 shares during the quarter. Flputnam Investment Management Co. owned about 0.06% of PTC worth $11,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its position in PTC by 15.5% during the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after acquiring an additional 59 shares during the period. D.A. Davidson & CO. lifted its position in PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock worth $582,000 after acquiring an additional 70 shares during the period. American Century Companies Inc. lifted its position in PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after acquiring an additional 73 shares during the period. Portside Wealth Group LLC lifted its position in PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock worth $514,000 after acquiring an additional 78 shares during the period. Finally, Strategic Advisors LLC lifted its position in PTC by 1.1% during the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock worth $1,198,000 after acquiring an additional 83 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 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 $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

PTC has been the subject of several recent analyst reports. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus raised 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. Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. Piper Sandler raised their price target on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada raised their price target on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven investment 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 company presently has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Stock Performance

NASDAQ PTC opened at $213.50 on Monday. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The company has a market capitalization of $25.58 billion, a P/E ratio of 50.35, a PEG ratio of 2.27 and a beta of 1.18. The business has a 50 day moving average price of $198.06 and a 200 day moving average price of $173.51. 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 released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business posted $0.98 EPS. PTC'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. Sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.

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