UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $235.13 Million Holdings in PTC Inc. $PTC

Key Points

• UBS Asset Management has increased its holdings in PTC Inc. by 27.5%, now owning 1,517,480 shares worth approximately $235.13 million as of the latest SEC filing.
• PTC reported $1.64 EPS for the last quarter, surpassing analyst expectations and indicating a 24.2% year-over-year revenue growth to $643.94 million.
• Institutional investors currently hold 95.14% of PTC's stock, reflecting strong interest from hedge funds and financial institutions.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 27.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,517,480 shares of the technology company's stock after purchasing an additional 327,326 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.27% of PTC worth $235,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PTC. Cetera Investment Advisers raised its position in shares of PTC by 6.6% in the 4th quarter. Cetera Investment Advisers now owns 5,794 shares of the technology company's stock valued at $1,065,000 after acquiring an additional 358 shares during the period. Focus Partners Wealth acquired a new stake in shares of PTC in the 4th quarter valued at approximately $227,000. Gotham Asset Management LLC raised its position in shares of PTC by 58.4% in the 4th quarter. Gotham Asset Management LLC now owns 6,529 shares of the technology company's stock valued at $1,200,000 after acquiring an additional 2,407 shares during the period. OMERS ADMINISTRATION Corp raised its position in shares of PTC by 20.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,998 shares of the technology company's stock valued at $919,000 after acquiring an additional 858 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of PTC in the 4th quarter valued at approximately $727,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company's stock.

PTC Price Performance

Shares of PTC opened at $207.03 on Friday. The stock has a market capitalization of $24.80 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.17 and a beta of 1.18. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a 50 day moving average of $205.18 and a 200-day moving average of $176.09. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last released its 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same period last year, the business earned $0.98 earnings per share. The firm'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, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Wall Street Zen lowered shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Piper Sandler lifted their price target 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. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

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.

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