Cramer Rosenthal Mcglynn LLC Sells 71,998 Shares of PTC Inc. $PTC

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in PTC Inc. by 39.7%, now owning approximately 0.09% of the company after selling 71,998 shares in the 1st quarter.
• PTC reported earnings of $1.64 per share, exceeding analysts' expectations of $1.22, alongside a 24.2% year-over-year increase in revenue to $643.94 million.
• Analysts have generally given PTC a Moderate Buy rating, with an average target price of $202.14, including price targets raised by firms such as KeyCorp and Oppenheimer.

Cramer Rosenthal Mcglynn LLC cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 39.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,498 shares of the technology company's stock after selling 71,998 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.09% of PTC worth $16,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PTC. Dimensional Fund Advisors LP raised its holdings in shares of PTC by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 492,967 shares of the technology company's stock valued at $90,643,000 after buying an additional 18,476 shares in the last quarter. MGO One Seven LLC grew its position in PTC by 4.9% during the fourth quarter. MGO One Seven LLC now owns 4,114 shares of the technology company's stock valued at $756,000 after acquiring an additional 192 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of PTC by 10.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 77,200 shares of the technology company's stock worth $14,195,000 after acquiring an additional 7,500 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of PTC in the 4th quarter worth approximately $350,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of PTC in the 4th quarter valued at $2,960,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

PTC has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 target price on PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. UBS Group reissued a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, KeyCorp reissued an "overweight" rating and issued a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Trading Down 0.7%

NASDAQ PTC traded down $1.50 on Thursday, hitting $215.03. The company's stock had a trading volume of 526,004 shares, compared to its average volume of 957,448. The firm has a market cap of $25.76 billion, a P/E ratio of 50.71, a PEG ratio of 2.30 and a beta of 1.17. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company's 50-day simple moving average is $197.13 and its 200 day simple moving average is $173.11. 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 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.

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.