Van Lanschot Kempen Investment Management N.V. Raises Holdings in PTC Inc. $PTC

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Van Lanschot Kempen Investment Management N.V. boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 43.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,006,901 shares of the technology company's stock after buying an additional 303,676 shares during the period. PTC accounts for approximately 1.6% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 17th biggest position. Van Lanschot Kempen Investment Management N.V. owned about 0.84% of PTC worth $156,019,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brooklyn Investment Group lifted its holdings in shares of PTC by 15.5% in the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock valued at $68,000 after acquiring an additional 59 shares during the last quarter. Wahed Invest LLC lifted its stake in PTC by 2.1% in the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after purchasing an additional 61 shares during the last quarter. D.A. Davidson & CO. lifted its stake in PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock worth $582,000 after purchasing an additional 70 shares during the last quarter. American Century Companies Inc. lifted its stake in PTC by 3.3% in the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company's stock worth $352,000 after purchasing an additional 73 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its stake in PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock worth $514,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on PTC shares. Royal Bank Of Canada raised their price objective on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets raised their price objective on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. UBS Group reissued a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Finally, KeyCorp reissued an "overweight" rating and issued a $245.00 price objective (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $202.14.

PTC Trading Up 1.5%

Shares of PTC stock traded up $3.10 on Friday, hitting $215.05. 668,593 shares of the company traded hands, compared to its average volume of 969,782. The stock's 50 day moving average price is $193.43 and its 200-day moving average price is $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 52 week low of $133.38 and a 52 week high of $219.69. The company has a market cap of $25.76 billion, a PE ratio of 50.72, a PEG ratio of 2.25 and a beta of 1.17.

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 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 firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company'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. Equities research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

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

PTC Company 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.