Sax Wealth Advisors LLC Takes Position in PTC Inc. $PTC

Key Points

• Sax Wealth Advisors LLC acquired 1,430 shares of PTC Inc. valued at approximately $246,000 in Q2, highlighting growing institutional interest in the company.
"Moderate Buy" by analysts, with an average price target of $202.14, reflecting a positive outlook on the company’s performance.
• The company reported a notable increase in quarterly revenue, achieving $643.94 million and surpassing analysts' expectations, showcasing a year-over-year revenue growth of 24.2%.

Sax Wealth Advisors LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,430 shares of the technology company's stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of PTC during the first quarter valued at $26,000. Motco bought a new position in shares of PTC during the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PTC during the first quarter valued at $33,000. Zions Bancorporation National Association UT bought a new position in shares of PTC during the first quarter valued at $39,000. Finally, SVB Wealth LLC purchased a new stake in shares of PTC during the first quarter valued at $41,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PTC

In other 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 transaction of $429,984.52. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

PTC Trading Down 0.8%

PTC stock opened at $201.72 on Friday. The business has a 50-day simple moving average of $208.00 and a two-hundred day simple moving average of $182.13. The company has a market cap of $24.16 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.96 and a beta of 1.14. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. 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 (NASDAQ:PTC - Get Free Report) last posted 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. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same period in the previous year, the firm earned $0.98 EPS. The business's quarterly 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. Analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PTC. Weiss Ratings raised PTC from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 price objective on PTC in a research report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Zacks Research cut PTC from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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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