Stephens Investment Management Group LLC Decreases Stock Holdings in PTC Inc. $PTC

Key Points

• Stephens Investment Management Group LLC reduced its stock holdings in PTC Inc. by 5.2%, selling 20,106 shares and maintaining ownership of around 367,108 shares valued at approximately $63.27 million.
• Recently, analysts have shown optimism towards PTC, with twelve analysts rating it as a "Buy" and raising price targets, indicating a consensus target price of $202.14.
• PTC's earnings report revealed a significant performance, reporting $1.64 EPS, exceeding analyst expectations, along with a revenue of $643.94 million—an increase of 24.2% from the previous year.

Stephens Investment Management Group LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 367,108 shares of the technology company's stock after selling 20,106 shares during the quarter. Stephens Investment Management Group LLC owned about 0.31% of PTC worth $63,267,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have commented on PTC. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Weiss Ratings raised shares of PTC from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Piper Sandler increased their price objective on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by insiders.

PTC Stock Performance

PTC opened at $204.55 on Wednesday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.50 billion, a PE ratio of 48.24, a P/E/G ratio of 1.98 and a beta of 1.14. The firm has a 50 day moving average of $206.82 and a two-hundred day moving average of $184.94.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly 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 company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same period last year, the firm posted $0.98 EPS. PTC's revenue for the quarter 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. On average, analysts anticipate that PTC Inc. will post 4.46 EPS for the current 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.

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