Two Star Manager LLC Purchases 19,505 Shares of PTC Inc. $PTC

Key Points

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Two Star Manager LLC boosted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 41.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,969 shares of the technology company's stock after buying an additional 19,505 shares during the period. PTC comprises 5.0% of Two Star Manager LLC's portfolio, making the stock its 13th largest holding. Two Star Manager LLC owned approximately 0.06% of PTC worth $10,377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. boosted its stake in PTC by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Nuveen LLC acquired a new stake in PTC during the first quarter worth $241,789,000. Pictet Asset Management Holding SA boosted its stake in PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after buying an additional 844,418 shares in the last quarter. GAMMA Investing LLC boosted its stake in PTC by 13,184.0% during the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after buying an additional 342,784 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of PTC in the 4th quarter valued at $59,506,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analysts Set New Price Targets

PTC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Piper Sandler boosted their target price on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Oppenheimer boosted their target price on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their target price on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.14.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated 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 directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

Shares of PTC stock traded up $3.10 during trading on Friday, reaching $215.05. The company's stock had a trading volume of 668,593 shares, compared to its average volume of 969,782. The stock has a 50-day moving average price of $193.43 and a two-hundred day moving average price of $172.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The stock has a market capitalization of $25.76 billion, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same period in the previous year, the business posted $0.98 earnings per share. The firm'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. As a group, sell-side analysts anticipate 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.