Raymond James Financial Inc. decreased its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,424 shares of the technology company's stock after selling 10,485 shares during the quarter. Raymond James Financial Inc. owned about 0.66% of PTC worth $122,011,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC in the 1st quarter worth $26,000. Motco acquired a new stake in shares of PTC in the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PTC in the 1st quarter worth $33,000. Zions Bancorporation National Association UT acquired a new stake in shares of PTC in the 1st quarter worth $39,000. Finally, UMB Bank n.a. boosted its position in shares of PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
PTC Stock Performance
Shares of NASDAQ PTC traded up $3.10 during trading on Friday, reaching $215.05. 668,593 shares of the company traded hands, compared to its average volume of 969,782. The firm's fifty day simple moving average is $193.43 and its 200 day simple moving average is $172.01. The stock has a market cap of $25.76 billion, a P/E ratio of 50.72, a PEG ratio of 2.25 and a beta of 1.17. PTC Inc. has a 12-month low of $133.38 and a 12-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 released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates 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 was up 24.2% on a year-over-year basis. During the same quarter last 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, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Insider Buying and Selling at PTC
In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares in the company, 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 at the SEC website. 0.32% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. KeyCorp reissued an "overweight" rating and issued a $245.00 price objective (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Oppenheimer raised their price objective on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets raised their price objective on 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 restated an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Piper Sandler raised their target price on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $202.14.
Check Out Our Latest Stock Report on PTC
PTC Company Profile
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Free Report)
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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