Vident Advisory LLC Has $1.31 Million Stock Holdings in PTC Inc. $PTC

Key Points

• Vident Advisory LLC significantly increased its stake in PTC Inc. by 99.9% during the 1st quarter, totaling $1.31 million in holdings.
• PTC reported a net margin of 20.74% and revenue of $643.94 million in its latest quarter, surpassing analysts' expectations.
• Several analysts have raised their price targets for PTC, with KeyCorp setting a new target of $245.00, indicating strong market confidence in the company's future performance.

Vident Advisory LLC boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 99.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,441 shares of the technology company's stock after acquiring an additional 4,218 shares during the period. Vident Advisory LLC's holdings in PTC were worth $1,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in PTC during the first quarter valued at about $26,000. Motco bought a new position in PTC during the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC during the first quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new position in PTC during the first quarter valued at about $39,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of PTC in the 4th quarter valued at approximately $47,000. 95.14% of the stock is currently owned by institutional investors.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. 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

NASDAQ PTC traded up $0.65 during trading hours on Friday, reaching $213.90. 632,631 shares of the company's stock were exchanged, compared to its average volume of 724,620. The stock has a market cap of $25.62 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The firm has a fifty day moving average of $202.49 and a 200-day moving average of $174.96. 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 released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the company earned $0.98 EPS. PTC's revenue for the quarter 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, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PTC. Wall Street Zen lowered PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. BMO Capital Markets upped their price objective on PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. KeyCorp reiterated an "overweight" rating and issued a $245.00 price objective (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Stifel Nicolaus upped their price objective on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Oppenheimer upped their price objective on PTC from $225.00 to $240.00 and gave the company an "outperform" 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.