PTC Inc. $PTC Stock Position Decreased by Southeast Asset Advisors LLC

Key Points

• Southeast Asset Advisors LLC has reduced its stake in PTC Inc. by 19.3%, selling 1,196 shares and retaining a total of 4,997 shares valued at approximately $774,000.
• Several institutional investors, including T. Rowe Price and Pictet Asset Management, have either increased their holdings or taken new positions in PTC, highlighting continued confidence in the company.
• PTC recently reported a quarterly earnings per share of $1.64, significantly beating analysts' expectations, and has set its FY 2025 guidance for EPS between 6.630 and 7.030.

Southeast Asset Advisors LLC trimmed its position in PTC Inc. (NASDAQ:PTC - Free Report) by 19.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,997 shares of the technology company's stock after selling 1,196 shares during the quarter. Southeast Asset Advisors LLC's holdings in PTC were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PTC. SVB Wealth LLC bought a new stake in PTC during the first quarter valued at $41,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of PTC by 48.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,324 shares of the technology company's stock valued at $515,000 after buying an additional 1,091 shares during the period. Allstate Corp grew its position in shares of PTC by 83.3% during the 1st quarter. Allstate Corp now owns 6,474 shares of the technology company's stock valued at $1,003,000 after buying an additional 2,942 shares during the last quarter. Norinchukin Bank The raised its stake in PTC by 16.3% during the first quarter. Norinchukin Bank The now owns 6,674 shares of the technology company's stock worth $1,034,000 after acquiring an additional 936 shares during the period. Finally, Wormser Freres Gestion raised its stake in PTC by 8.5% during the first quarter. Wormser Freres Gestion now owns 52,239 shares of the technology company's stock worth $8,114,000 after acquiring an additional 4,093 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PTC. Barclays set a $233.00 target price on PTC in a report on Thursday, July 31st. Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. BMO Capital Markets raised their target price on PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group reaffirmed a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

PTC Price Performance

PTC traded down $1.50 during trading on Thursday, reaching $215.03. The stock had a trading volume of 525,985 shares, compared to its average volume of 1,058,000. The stock has a 50 day moving average of $196.16 and a two-hundred day moving average of $172.79. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.During the same quarter in the previous year, the business earned $0.98 EPS. The company's quarterly revenue was up 24.2% compared to the same quarter last year. 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, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

About PTC

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.