PTC Inc. $PTC Position Increased by Stony Point Capital LLC

Key Points

• Stony Point Capital LLC increased its stake in PTC Inc. by 97.4% during the first quarter, owning about 74,713 shares valued at approximately $11.58 million.
• Several analysts have upgraded PTC's stock ratings, with a consensus rating of "Moderate Buy" and a price target of $202.14.
• PTC reported earnings of $1.64 per share for the last quarter, exceeding expectations with a year-over-year revenue growth of 24.2%.

Stony Point Capital LLC lifted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 97.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,713 shares of the technology company's stock after buying an additional 36,862 shares during the period. Stony Point Capital LLC owned approximately 0.06% of PTC worth $11,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PTC. Kovitz Investment Group Partners LLC acquired a new position in PTC during the 4th quarter worth $350,000. Northern Trust Corp lifted its holdings in PTC by 11.0% in the fourth quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock worth $241,472,000 after purchasing an additional 129,910 shares during the period. Utah Retirement Systems grew its position in PTC by 0.5% in the 4th quarter. Utah Retirement Systems now owns 19,577 shares of the technology company's stock valued at $3,600,000 after buying an additional 100 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in PTC during the 4th quarter valued at about $51,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of PTC by 1,648.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,657 shares of the technology company's stock worth $4,901,000 after buying an additional 25,132 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent analyst reports. Barclays set a $233.00 price objective on shares of PTC in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, July 29th. KeyCorp restated an "overweight" rating and set a $245.00 price objective (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Wall Street Zen cut shares of PTC from a "strong-buy" rating to a "buy" rating in a report on Saturday. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Trading Down 0.7%

Shares of PTC stock traded down $1.53 during trading on Monday, hitting $213.50. The stock had a trading volume of 1,098,684 shares, compared to its average volume of 827,871. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The stock has a 50 day simple moving average of $199.00 and a 200 day simple moving average of $173.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.58 billion, a PE ratio of 50.35, a P/E/G ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.42. The firm had revenue of $643.94 million for 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%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. 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 expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of $216.29, for a total value 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 Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently 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.