Mirova Purchases 6,000 Shares of PTC Inc. $PTC

Key Points

• Mirova significantly increased its stake in PTC Inc. by 1,829.3%, acquiring an additional 6,000 shares during the 1st quarter, bringing its total holdings to 6,328 shares valued at approximately $981,000.
• Wall Street analysts have raised PTC's target prices, with BMO Capital Markets increasing it from $187.00 to $231.00 and Royal Bank of Canada raising it to $235.00, reflecting strong performance metrics.
• PTC reported a quarterly earnings per share (EPS) of $1.64, exceeding estimates of $1.22, and experienced a 24.2% year-over-year revenue increase, totaling $643.94 million for the quarter.

Mirova raised its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1,829.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,328 shares of the technology company's stock after buying an additional 6,000 shares during the period. Mirova's holdings in PTC were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of PTC by 16.5% during the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after buying an additional 473 shares in the last quarter. Mather Group LLC. increased its holdings in shares of PTC by 18.3% in the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock valued at $131,000 after purchasing an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in PTC by 20.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after acquiring an additional 2,285 shares during the period. M&T Bank Corp grew its holdings in PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after acquiring an additional 724 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

PTC Stock Performance

Shares of NASDAQ:PTC traded up $3.95 on Wednesday, reaching $216.53. 705,898 shares of the company's stock were exchanged, compared to its average volume of 984,338. The company has a fifty day moving average of $196.16 and a 200-day moving average of $172.79. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market capitalization of $25.94 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 2.26 and a beta of 1.17. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results 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. 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 quarter in the prior year, the business posted $0.98 EPS. The business'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. On average, research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PTC shares. Royal Bank Of Canada lifted their price target on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, July 29th. KeyCorp reissued an "overweight" rating and set a $245.00 price target (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Finally, Robert W. Baird upped their target price on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and an average price target of $202.14.

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.