PTC Inc. $PTC Shares Sold by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC significantly reduced its stake in PTC Inc. by 80.9% during the second quarter, now holding only 1,347 shares valued at $232,000.
• Other institutional investors have increased their positions in PTC, with T. Rowe Price raising its stake by 17.7%, now owning over 20 million shares valued at approximately $3.15 billion.
• PTC reported a better-than-expected earnings per share (EPS) of $1.64 for the quarter, surpassing analysts' estimates of $1.22, with a revenue of $643.94 million.

SteelPeak Wealth LLC reduced its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 80.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,347 shares of the technology company's stock after selling 5,723 shares during the period. SteelPeak Wealth LLC's holdings in PTC were worth $232,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in PTC by 17.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after acquiring an additional 3,048,311 shares in the last quarter. Vanguard Group Inc. raised its holdings in PTC by 0.3% in the first quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock valued at $2,220,771,000 after acquiring an additional 39,688 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in PTC by 41.6% in the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after acquiring an additional 844,418 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of PTC by 1.9% during the first quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock worth $367,382,000 after purchasing an additional 44,961 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of PTC during the first quarter worth $241,789,000. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of PTC opened at $201.72 on Friday. The firm has a 50-day moving average price of $208.00 and a 200 day moving average price of $182.13. The firm has a market capitalization of $24.16 billion, a PE ratio of 47.58, a P/E/G ratio of 1.96 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69.

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, beating analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's 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 sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PTC has been the topic of a number of research reports. UBS Group reissued a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Weiss Ratings raised shares of PTC from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Zacks Research cut shares of PTC from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Barclays set a $233.00 target price on shares of PTC in a report on Thursday, July 31st. Finally, Piper Sandler upped their price target on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

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.

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