Stanley Laman Group Ltd. Sells 2,093 Shares of PTC Inc. $PTC

Key Points

• Stanley Laman Group Ltd. reduced its stake in PTC Inc. by 8.1%, selling 2,093 shares and leaving them with 23,665 shares valued at approximately $4.08 million.
• Several institutional investors acquired new positions in PTC during the first quarter, increasing institutional ownership to 95.14%.
• PTC recently reported earnings of $1.64 per share for the quarter, exceeding analyst expectations, and set its FY 2025 guidance at 6.630-7.030 EPS.

Stanley Laman Group Ltd. decreased its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 8.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,665 shares of the technology company's stock after selling 2,093 shares during the quarter. Stanley Laman Group Ltd.'s holdings in PTC were worth $4,078,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PTC. Bartlett & CO. Wealth Management LLC bought a new position in shares of PTC in the first quarter worth about $26,000. Motco purchased a new position in PTC in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC in the 1st quarter worth approximately $33,000. Zions Bancorporation National Association UT purchased a new stake in PTC during the 1st quarter valued at approximately $39,000. Finally, SVB Wealth LLC bought a new stake in shares of PTC during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PTC shares. UBS Group restated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. BMO Capital Markets raised their price objective on PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Zacks Research lowered PTC from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada lifted their price objective on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $202.14.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 sale, the executive vice president directly 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company's stock.

PTC Price Performance

NASDAQ:PTC opened at $202.86 on Friday. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 1.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day simple moving average of $206.77 and a 200-day simple moving average of $183.91. 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 released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating 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% compared to the same quarter last year. During the same quarter 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. Equities analysts forecast that PTC Inc. will post 4.46 EPS for the current 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.

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.