PTC Inc. $PTC Stock Holdings Lifted by Silverberg Bernstein Capital Management LLC

Key Points

• Silverberg Bernstein Capital Management LLC increased its stake in PTC Inc. by 28.0%, owning 64,388 shares after purchasing an additional 14,080 shares during the second quarter.
• PTC Inc. reported earnings of $1.64 per share, surpassing analyst expectations, with revenue of $643.94 million, a year-over-year increase of 24.2%.
• Several analysts have set optimistic price targets for PTC, with Barclays establishing a target of $233.00, and KeyCorp raising its target to $245.00.

Silverberg Bernstein Capital Management LLC grew its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 28.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,388 shares of the technology company's stock after purchasing an additional 14,080 shares during the quarter. PTC comprises approximately 7.6% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Silverberg Bernstein Capital Management LLC owned 0.05% of PTC worth $11,097,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PTC. Brooklyn Investment Group grew its holdings in shares of PTC by 15.5% in the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after purchasing an additional 59 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after purchasing an additional 70 shares during the last quarter. American Century Companies Inc. increased its holdings in PTC by 3.3% in the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after acquiring an additional 73 shares in the last quarter. Empowered Funds LLC increased its holdings in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock worth $387,000 after acquiring an additional 75 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock worth $46,000 after purchasing an additional 76 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTC. BMO Capital Markets boosted their target price on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on PTC and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. UBS Group reiterated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average target price of $202.14.

PTC Stock Down 0.1%

Shares of PTC stock traded down $0.24 during trading hours on Friday, reaching $205.95. The company had a trading volume of 1,638,273 shares, compared to its average volume of 781,501. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market capitalization of $24.67 billion, a P/E ratio of 48.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18. The stock's fifty day simple moving average is $207.24 and its 200 day simple moving average is $177.88.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same quarter last year, the company posted $0.98 earnings per share. PTC's 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. As a group, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC 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 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 of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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.