Wellington Management Group LLP Has $367.38 Million Stock Position in PTC Inc. $PTC

Key Points

• Wellington Management Group LLP increased its stake in PTC Inc. by 1.9%, holding approximately 2.37 million shares worth $367.38 million, following the acquisition of an additional 44,961 shares.
• PTC reported earnings of $1.64 per share for the previous quarter, exceeding analysts' estimates of $1.22, with a revenue of $643.94 million—up 24.2% year-over-year.
• Analyst ratings for PTC are predominantly positive, with eleven analysts recommending a buy and an average price target of $202.14, following upgrades from firms such as Stifel Nicolaus and KeyCorp.

Wellington Management Group LLP boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,370,972 shares of the technology company's stock after buying an additional 44,961 shares during the period. Wellington Management Group LLP owned 1.98% of PTC worth $367,382,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC in the first quarter worth $26,000. Motco acquired a new stake in PTC in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the first quarter worth $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC during the first quarter valued at $39,000. Finally, UMB Bank n.a. increased its holdings in shares of PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after purchasing an additional 178 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Price Performance

NASDAQ:PTC traded up $3.10 during mid-day trading on Friday, reaching $215.05. 668,593 shares of the stock were exchanged, compared to its average volume of 969,782. The business has a fifty day moving average price of $193.43 and a 200 day moving average price of $172.01. The firm has a market capitalization of $25.76 billion, a PE ratio of 50.72, a PEG ratio of 2.25 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year 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 released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated 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 directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on PTC shares. KeyCorp reissued an "overweight" rating and set a $245.00 price target (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Barclays set a $233.00 price target on PTC in a report on Thursday, July 31st. UBS Group reissued a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada raised their price target on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company 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.