PTC Inc. $PTC Stock Holdings Decreased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has reduced its stake in PTC Inc. by 64.9%, now holding 128,786 shares worth approximately $19.96 million.
• PTC reported a significant earnings increase, with $1.64 EPS for the last quarter, exceeding analyst expectations of $1.22.
• Analysts have mixed views on PTC, with 11 rating it as a Buy and five as a Hold, while the average target price is set at $202.14.

Alliancebernstein L.P. lowered its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 64.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 128,786 shares of the technology company's stock after selling 238,509 shares during the period. Alliancebernstein L.P. owned 0.11% of PTC worth $19,955,000 as of its most recent SEC filing.

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

PTC Trading Up 0.2%

Shares of NASDAQ:PTC opened at $204.50 on Thursday. The company has a 50 day moving average of $204.55 and a 200-day moving average of $175.78. The firm has a market cap of $24.50 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.17 and a beta of 1.18. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. 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 issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The company 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%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company'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 completion of the sale, the executive vice president directly owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on PTC. Wall Street Zen lowered shares of PTC from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Finally, KeyCorp reissued an "overweight" rating and set a $245.00 target price (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.