XTX Topco Ltd Has $263,000 Holdings in PTC Inc. (NASDAQ:PTC)

Key Points

• XTX Topco Ltd has reduced its stake in PTC Inc. by 69.1% in the first quarter, now holding only 1,699 shares valued at approximately $263,000.
• Recent research reports show analysts adjusting their price targets for PTC, with Mizuho lowering it to $160, while KeyCorp raised their target to $245.
• For the latest quarter, PTC reported an earnings per share (EPS) of $1.64, exceeding the analysts' expectations of $1.22, along with a significant 24.2% revenue increase year-over-year.

XTX Topco Ltd lessened its position in PTC Inc. (NASDAQ:PTC - Free Report) by 69.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,699 shares of the technology company's stock after selling 3,802 shares during the quarter. XTX Topco Ltd's holdings in PTC were worth $263,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of PTC in the 1st quarter valued at approximately $1,235,000. GSA Capital Partners LLP purchased a new stake in shares of PTC in the 1st quarter valued at approximately $885,000. Federated Hermes Inc. lifted its position in shares of PTC by 1.8% in the 1st quarter. Federated Hermes Inc. now owns 454,202 shares of the technology company's stock valued at $70,379,000 after acquiring an additional 7,852 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of PTC by 13.6% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,143 shares of the technology company's stock valued at $332,000 after acquiring an additional 257 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of PTC by 44.4% in the 1st quarter. Mackenzie Financial Corp now owns 15,691 shares of the technology company's stock valued at $2,431,000 after acquiring an additional 4,823 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.32% of the company's stock.

PTC Stock Down 1.0%

Shares of PTC traded down $2.17 during mid-day trading on Friday, hitting $205.84. 1,366,154 shares of the company's stock were exchanged, compared to its average volume of 966,363. The firm has a fifty day moving average of $189.35 and a two-hundred day moving average of $171.19. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 2.19 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping 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 company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the business posted $0.98 EPS. PTC's quarterly revenue was up 24.2% on a year-over-year basis. On average, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, July 29th. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. BMO Capital Markets increased their target price on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PTC presently has a consensus 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.