PTC Inc. (NASDAQ:PTC) Short Interest Update

Key Points

• PTC Inc. experienced a significant decrease in short interest with a drop of 24.3% in July, bringing the total short interest to 3,300,000 shares, or approximately 2.8% of the company's stock.
• Insider transactions included EVP Staats Aaron C. Von selling 1,988 shares at an average price of $216.29, marking an 11.21% decrease in his ownership.
• PTC reported strong earnings, with $1.64 EPS for the quarter, surpassing the consensus estimate of $1.22 EPS, and a revenue of $643.94 million, which is a 24.2% increase year-over-year.

PTC Inc. (NASDAQ:PTC - Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,300,000 shares, adropof24.3% from the July 15th total of 4,360,000 shares. Approximately2.8% of the company's stock are sold short. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is currently 3.0 days. Approximately2.8% of the company's stock are sold short.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. lifted its stake in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after purchasing an additional 3,048,311 shares during the period. Nuveen LLC acquired a new position in shares of PTC in the 1st quarter valued at $241,789,000. Norges Bank acquired a new position in shares of PTC in the 2nd quarter valued at $155,673,000. Pictet Asset Management Holding SA lifted its stake in shares of PTC by 41.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares during the period. Finally, CCLA Investment Management acquired a new stake in PTC during the 2nd quarter worth $94,629,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PTC shares. UBS Group restated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Robert W. Baird boosted their price target on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Finally, 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. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $202.14.

PTC Trading Up 0.5%

PTC stock opened at $210.89 on Thursday. The firm has a market cap of $25.26 billion, a P/E ratio of 49.74, a P/E/G ratio of 2.23 and a beta of 1.17. 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 has a 1-year low of $133.38 and a 1-year high of $219.69. The business's 50 day moving average is $191.69 and its 200-day moving average is $171.69.

PTC (NASDAQ:PTC - Get Free Report) last announced its 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 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 the consensus estimate of $582.12 million. During the same period in the previous year, the business earned $0.98 EPS. PTC's revenue was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Equities analysts anticipate that PTC will post 4.46 earnings per share for the current fiscal year.

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.

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