Public Sector Pension Investment Board Boosts Holdings in PTC Inc. $PTC

Key Points

• The Public Sector Pension Investment Board increased its stake in PTC Inc. by 7.8%, acquiring an additional 1,354 shares, bringing its total holdings to 18,680 shares valued at approximately $2.89 million.
• PTC has received multiple price target upgrades from analysts, with Oppenheimer raising their target from $225 to $240 and Royal Bank of Canada from $224 to $235, reflecting a strong "outperform" sentiment.
• PTC's latest earnings report showed an EPS of $1.64, exceeding expectations, with revenues of $643.94 million, marking a year-over-year increase of 24.2%.

Public Sector Pension Investment Board raised its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,680 shares of the technology company's stock after acquiring an additional 1,354 shares during the period. Public Sector Pension Investment Board's holdings in PTC were worth $2,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new position in PTC during the first quarter valued at approximately $26,000. Motco bought a new position in shares of PTC in the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PTC in the first quarter worth approximately $33,000. Zions Bancorporation National Association UT bought a new position in shares of PTC in the first quarter worth approximately $39,000. Finally, Pinney & Scofield Inc. bought a new position in shares of PTC in the fourth quarter worth approximately $47,000. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Up 1.5%

NASDAQ:PTC traded up $3.10 during trading hours on Friday, hitting $215.05. The company had a trading volume of 668,593 shares, compared to its average volume of 969,782. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $25.76 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The stock has a 50-day moving average price of $193.43 and a 200 day moving average price of $172.01. 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 quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $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. On average, equities research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PTC shares. UBS Group restated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Oppenheimer raised their target price on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Robert W. Baird raised their target price on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company's stock.

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.