United Services Automobile Association Buys New Position in PTC Inc. $PTC

Key Points

• United Services Automobile Association acquired a new stake in PTC Inc., purchasing 2,570 shares valued at approximately $398,000.
• Several institutional investors have also taken new positions in PTC during the first quarter, contributing to a total institutional ownership of 95.14%.
• Wall Street analysts have raised their price targets on PTC, with Oppenheimer setting a new target at $240.00 and KeyCorp raising theirs to $245.00, both reflecting a positive outlook for the company's growth.

United Services Automobile Association purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,570 shares of the technology company's stock, valued at approximately $398,000.

Several other large investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in shares of PTC by 15.5% during the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after acquiring an additional 59 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of PTC by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after acquiring an additional 70 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of PTC by 3.3% in the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock valued at $352,000 after purchasing an additional 73 shares during the period. Portside Wealth Group LLC lifted its stake in shares of PTC by 2.4% in the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock valued at $514,000 after purchasing an additional 78 shares during the period. Finally, Strategic Advisors LLC lifted its stake in shares of PTC by 1.1% in the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock valued at $1,198,000 after purchasing an additional 83 shares during the period. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on PTC. Piper Sandler upped their price objective on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Barclays set a $233.00 target price on shares of PTC in a report on Thursday, July 31st. Finally, Oppenheimer raised their price objective 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. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

PTC Stock Performance

Shares of PTC stock traded down $0.96 during trading on Monday, reaching $204.15. The company's stock had a trading volume of 630,341 shares, compared to its average volume of 1,045,824. The company has a 50-day moving average price of $205.78 and a two-hundred day moving average price of $176.57. The firm has a market cap of $24.46 billion, a PE ratio of 48.15, a P/E/G ratio of 2.18 and a beta of 1.18. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week 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.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating 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 firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same period last year, the firm posted $0.98 EPS. PTC's quarterly 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. On average, analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction 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 directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

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.