Phoenix Financial Ltd. Boosts Stock Holdings in PTC Inc. $PTC

Phoenix Financial Ltd. grew its position in shares of PTC Inc. (NASDAQ:PTC) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,499 shares of the technology company’s stock after buying an additional 122 shares during the quarter. Phoenix Financial Ltd.’s holdings in PTC were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PTC. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of PTC during the first quarter valued at approximately $26,000. Motco purchased a new stake in shares of PTC during the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PTC during the first quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of PTC during the first quarter valued at approximately $39,000. Finally, SVB Wealth LLC purchased a new stake in shares of PTC during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of a number of recent analyst reports. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an “overweight” rating in a report on Tuesday, July 29th. UBS Group restated a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Barclays set a $233.00 price objective on shares of PTC in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.71.

Insider Activity at PTC

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

PTC Stock Down 0.7%

PTC opened at $203.03 on Thursday. 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 1-year low of $133.38 and a 1-year high of $219.69. The company has a market capitalization of $24.32 billion, a PE ratio of 47.88, a PEG ratio of 1.97 and a beta of 1.14. The firm’s 50 day simple moving average is $206.71 and its two-hundred day simple moving average is $185.06.

PTC (NASDAQ:PTC) last announced 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 firm 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% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. 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 analysts forecast that PTC Inc. will post 4.46 EPS 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.