PTC Inc. $PTC Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 3.6% in the first quarter, HoldingsChannel.com reports. The fund owned 1,833 shares of the technology company’s stock after selling 68 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in PTC were worth $284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Dimensional Fund Advisors LP lifted its position in PTC by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 492,967 shares of the technology company’s stock worth $90,643,000 after acquiring an additional 18,476 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of PTC by 63.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 22,412 shares of the technology company’s stock valued at $4,121,000 after buying an additional 8,671 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of PTC by 12.9% in the 4th quarter. Hsbc Holdings PLC now owns 279,426 shares of the technology company’s stock valued at $51,355,000 after buying an additional 31,978 shares during the period. MGO One Seven LLC boosted its stake in shares of PTC by 4.9% in the fourth quarter. MGO One Seven LLC now owns 4,114 shares of the technology company’s stock worth $756,000 after buying an additional 192 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in PTC by 10.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 77,200 shares of the technology company’s stock worth $14,195,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $215.05 on Friday. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock has a 50 day moving average of $193.43 and a two-hundred day moving average of $172.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market cap of $25.76 billion, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings data 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 company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same period in the previous year, the business earned $0.98 EPS. PTC’s quarterly revenue 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, analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of several analyst reports. BMO Capital Markets raised their target price on PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus raised their target price on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Barclays set a $233.00 target price on PTC in a report on Thursday, July 31st. Finally, Oppenheimer lifted their price target on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s 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 sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by company insiders.

PTC 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.