Shell Asset Management Co. Buys 6,709 Shares of PTC Inc. $PTC

Key Points

• Shell Asset Management Co. increased its holdings in PTC Inc. by 89.4% during Q2, acquiring an additional 6,709 shares, bringing their total to 14,214 shares valued at approximately $2.45 million.
• Research firms have mixed ratings for PTC, with Weiss Ratings upgrading it to a "buy" while Zacks downgraded it to "hold"; the consensus rating is a "Moderate Buy" with an average price target of $202.14.
• PTC reported strong financial results for the last quarter, posting a net income with a 24.2% year-over-year revenue increase, and exceeded earnings expectations with $1.64 EPS against an estimated $1.22.

Shell Asset Management Co. lifted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 89.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,214 shares of the technology company's stock after purchasing an additional 6,709 shares during the period. Shell Asset Management Co.'s holdings in PTC were worth $2,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PTC. Wormser Freres Gestion raised its stake in PTC by 0.4% in the 2nd quarter. Wormser Freres Gestion now owns 52,445 shares of the technology company's stock valued at $9,036,000 after acquiring an additional 206 shares during the period. Sendero Wealth Management LLC raised its stake in PTC by 23.7% in the 2nd quarter. Sendero Wealth Management LLC now owns 2,855 shares of the technology company's stock valued at $492,000 after acquiring an additional 547 shares during the period. Tilia Fiduciary Partners Inc. raised its stake in PTC by 3.1% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 11,024 shares of the technology company's stock valued at $1,900,000 after acquiring an additional 332 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in PTC by 22.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,478 shares of the technology company's stock valued at $2,840,000 after acquiring an additional 2,968 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in PTC in the 2nd quarter valued at $222,000. Institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PTC. Weiss Ratings upgraded PTC from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Zacks Research cut PTC from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Oppenheimer increased 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. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Stock Performance

PTC opened at $203.43 on Thursday. The firm has a market cap of $24.37 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 1.94 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 debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The business's fifty day moving average is $208.26 and its 200-day moving average is $181.85.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million for 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%.PTC's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

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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