Verdence Capital Advisors LLC Buys 1,674 Shares of PTC Inc. $PTC

Key Points

• Verdence Capital Advisors LLC increased its stake in PTC Inc. by 67.1% during the second quarter, purchasing an additional 1,674 shares for a total of 4,170 shares valued at approximately $719,000.
• PTC recently reported earnings showing an EPS of $1.64, exceeding analysts' estimates by $0.42, with a quarterly revenue increase of 24.2% compared to the same period last year.
• Stock analysts maintain a generally positive outlook on PTC, with twelve providing a Buy rating and an average target price of $202.14.

Verdence Capital Advisors LLC boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 67.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,170 shares of the technology company's stock after purchasing an additional 1,674 shares during the period. Verdence Capital Advisors LLC's holdings in PTC were worth $719,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new stake in shares of PTC in the first quarter worth $26,000. Motco bought a new stake in shares of PTC during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PTC during the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new stake in shares of PTC during the 1st quarter valued at about $39,000. Finally, SVB Wealth LLC bought a new stake in shares of PTC during the 1st quarter valued at about $41,000. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

Shares of PTC stock opened at $202.06 on Wednesday. The stock has a 50 day moving average of $207.16 and a 200 day moving average of $183.13. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The firm has a market cap of $24.21 billion, a PE ratio of 47.66, a PEG ratio of 1.95 and a beta of 1.14. 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 earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 completion of the transaction, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction 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 company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group restated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. KeyCorp reissued an "overweight" rating and set a $245.00 price objective (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. BMO Capital Markets boosted their price objective on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $202.14.

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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