Union Bancaire Privee UBP SA Grows Position in PTC Inc. $PTC

Union Bancaire Privee UBP SA boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 93.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,860 shares of the technology company’s stock after acquiring an additional 900 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in PTC were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in PTC by 17.7% during 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 acquiring an additional 3,048,311 shares during the period. Vanguard Group Inc. boosted its holdings in PTC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company’s stock valued at $2,220,771,000 after acquiring an additional 39,688 shares during the period. Pictet Asset Management Holding SA boosted its holdings in PTC by 41.6% during 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 acquiring an additional 844,418 shares during the period. Wellington Management Group LLP boosted its holdings in PTC by 1.9% during the 1st quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company’s stock valued at $367,382,000 after acquiring an additional 44,961 shares during the period. Finally, Nuveen LLC purchased a new position in PTC during the 1st quarter valued at about $241,789,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 of the company’s stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of research analyst reports. Barclays set a $233.00 target price on PTC in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, July 29th. Finally, Oppenheimer lifted their price objective on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $202.14.

PTC Price Performance

Shares of NASDAQ PTC opened at $202.42 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The firm has a market capitalization of $24.25 billion, a PE ratio of 47.74, a price-to-earnings-growth ratio of 2.09 and a beta of 1.14. The stock’s 50-day simple moving average is $208.27 and its 200-day simple moving average is $180.36.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share 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 business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter last year, the company earned $0.98 EPS. The business’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. As a group, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.