Vontobel Holding Ltd. Sells 11,639 Shares of PTC Inc. $PTC

Vontobel Holding Ltd. trimmed its position in PTC Inc. (NASDAQ:PTC) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,371 shares of the technology company’s stock after selling 11,639 shares during the quarter. Vontobel Holding Ltd. owned 0.18% of PTC worth $36,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group grew its position in PTC by 15.5% in the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock worth $68,000 after purchasing an additional 59 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after buying an additional 70 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after buying an additional 73 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of PTC by 0.9% during the 2nd quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock valued at $1,476,000 after buying an additional 73 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC opened at $203.43 on Thursday. The firm has a fifty day moving average price of $208.26 and a 200-day moving average price of $181.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $24.37 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. KeyCorp reissued an “overweight” rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Weiss Ratings raised shares of PTC from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Piper Sandler lifted their target price on shares of PTC from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, Barclays set a $233.00 price target on shares of PTC in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.