PTC Inc. $PTC Shares Sold by Twin Tree Management LP

Key Points

• Twin Tree Management LP has reduced its holdings in PTC Inc. by 63.6%, owning 16,026 shares valued at approximately $2.76 million after selling 27,982 shares in the second quarter.
• PTC reported earnings of $1.64 per share for the last quarter, surpassing analysts' expectations by $0.42, with a year-over-year revenue increase of 24.2% to $643.94 million.
• PTC's stock has a current market capitalization of $24.20 billion and a consensus rating of "Moderate Buy" among analysts, with an average price target of $202.14.

Twin Tree Management LP cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 63.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,026 shares of the technology company's stock after selling 27,982 shares during the period. Twin Tree Management LP's holdings in PTC were worth $2,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC during the first quarter worth approximately $26,000. Motco acquired a new stake in PTC in the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the first quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new stake in PTC in the first quarter worth approximately $39,000. Finally, SVB Wealth LLC acquired a new stake in PTC in the first quarter worth approximately $41,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Price Performance

NASDAQ PTC opened at $201.99 on Friday. The stock has a market capitalization of $24.20 billion, a P/E ratio of 47.64, a P/E/G ratio of 1.95 and a beta of 1.14. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The business's fifty day moving average is $206.82 and its two-hundred day moving average is $183.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. 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 forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on PTC. Royal Bank Of Canada upped their target price on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. UBS Group restated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. KeyCorp restated an "overweight" rating and issued a $245.00 target price (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Finally, Stifel Nicolaus upped their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, PTC currently has a consensus 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.

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