PTC (NASDAQ:PTC) Upgraded to Buy (B-) at Weiss Ratings

Key Points

• Analysts at Weiss Ratings upgraded PTC from a “hold (c+)” rating to a “buy (b-)” rating, with twelve analysts now rating the stock as a Buy and six as Hold.
• PTC reported a strong quarterly earnings result, with an EPS of $1.64, exceeding analysts' expectations of $1.22, and revenue growing by 24.2% year-over-year.
• Institutional investors own 95.14% of PTC's stock, with significant recent activity including UMB Bank increasing its position by 153.4%.

PTC (NASDAQ:PTC - Get Free Report) was upgraded by analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

PTC has been the subject of a number of other reports. UBS Group reissued a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th. Royal Bank Of Canada lifted their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Piper Sandler upped their price target on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus boosted 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. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

PTC Trading Up 0.6%

PTC stock opened at $203.43 on Wednesday. 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 has a twelve month low of $133.38 and a twelve month high of $219.69. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 47.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The firm's fifty day simple moving average is $208.26 and its two-hundred day simple moving average is $181.85.

PTC (NASDAQ:PTC - Get Free Report) last posted 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 net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same period in the prior year, the business posted $0.98 earnings per share. The business'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. As a group, analysts anticipate that PTC will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTC. UMB Bank n.a. increased its position in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares during the last quarter. CX Institutional bought a new stake in PTC during the first quarter worth $120,000. Fifth Third Bancorp increased its holdings in shares of PTC by 16.5% during the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after buying an additional 473 shares in the last quarter. GraniteShares Advisors LLC increased its holdings in shares of PTC by 3.9% during the first quarter. GraniteShares Advisors LLC now owns 2,726 shares of the technology company's stock worth $422,000 after buying an additional 103 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV acquired a new stake in PTC in the first quarter valued at $536,000. 95.14% of the stock is currently owned by institutional investors.

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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