Aberdeen Group plc Has $17.37 Million Position in PTC Inc. $PTC

Aberdeen Group plc boosted its holdings in PTC Inc. (NASDAQ:PTC) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,811 shares of the technology company’s stock after purchasing an additional 13,019 shares during the quarter. Aberdeen Group plc owned about 0.08% of PTC worth $17,374,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PTC. CX Institutional acquired a new stake in PTC in the 1st quarter valued at $120,000. Fifth Third Bancorp boosted its holdings in PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock worth $517,000 after acquiring an additional 473 shares during the last quarter. Sowell Financial Services LLC purchased a new position in PTC during the 1st quarter worth $488,000. Strategic Advisors LLC boosted its holdings in PTC by 1.1% during the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company’s stock worth $1,198,000 after acquiring an additional 83 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in PTC by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 61,994 shares of the technology company’s stock worth $9,605,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares of the company’s stock, 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 through this link. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, July 29th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Zacks Research downgraded shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, KeyCorp restated an “overweight” rating and set a $245.00 price target (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.14.

PTC Price Performance

NASDAQ PTC opened at $202.06 on Wednesday. The company has a market cap of $24.20 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $207.16 and its two-hundred day simple moving average is $183.13.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.