Cwm LLC Acquires 2,339 Shares of PTC Inc. $PTC

Cwm LLC grew its holdings in PTC Inc. (NASDAQ:PTC) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,139 shares of the technology company’s stock after purchasing an additional 2,339 shares during the quarter. Cwm LLC’s holdings in PTC were worth $2,437,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTC. T. Rowe Price Investment Management Inc. raised its holdings 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 in the last quarter. Nuveen LLC bought a new stake in shares of PTC in the 1st quarter valued at about $241,789,000. Pictet Asset Management Holding SA raised its holdings 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of PTC by 27.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock valued at $235,134,000 after purchasing an additional 327,326 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of PTC by 43.2% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,006,901 shares of the technology company’s stock valued at $156,019,000 after purchasing an additional 303,676 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.4%

Shares of PTC stock opened at $202.86 on Friday. 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 Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 1.95 and a beta of 1.14. The firm’s 50 day simple moving average is $206.77 and its two-hundred day simple moving average is $184.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the business posted $0.98 EPS. PTC’s revenue for the quarter 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. Analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other PTC 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 shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. BMO Capital Markets lifted their price target on shares of PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Piper Sandler increased their price objective on PTC from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Oppenheimer increased their price objective on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a report 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.14.

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.