PTC Inc. $PTC is Wormser Freres Gestion's 8th Largest Position

Key Points

• Wormser Freres Gestion increased its stake in PTC Inc. by 8.5%, making it the eighth largest holding in their investment portfolio, valued at approximately $8.11 million.
• PTC recently reported a quarterly earnings per share (EPS) of $1.64, significantly exceeding expectations, and achieved a revenue of $643.94 million.
• Analysts have raised their target prices for PTC, with BMO Capital Markets setting a new target of $231.00, indicating strong investor confidence in the company's future performance.

Wormser Freres Gestion boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,239 shares of the technology company's stock after acquiring an additional 4,093 shares during the quarter. PTC accounts for approximately 5.0% of Wormser Freres Gestion's investment portfolio, making the stock its 8th biggest holding. Wormser Freres Gestion's holdings in PTC were worth $8,114,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in PTC in the 1st quarter valued at about $26,000. Motco bought a new position in PTC in the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC in the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new position in PTC in the 1st quarter valued at about $39,000. Finally, UMB Bank n.a. lifted its position in PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. KeyCorp reissued an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, UBS Group reissued a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, PTC has an average rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Performance

PTC stock traded up $3.10 during mid-day trading on Friday, reaching $215.05. The company's stock had a trading volume of 668,593 shares, compared to its average volume of 969,782. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a market capitalization of $25.76 billion, a P/E ratio of 50.72, a PEG ratio of 2.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The firm's fifty day moving average price is $193.43 and its two-hundred day moving average price is $171.88.

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 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 business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same period in the previous year, the business earned $0.98 EPS. PTC's 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. Sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

PTC Company 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.