OFI Invest Asset Management Purchases 275 Shares of PTC Inc. $PTC

OFI Invest Asset Management increased its stake in PTC Inc. (NASDAQ:PTC) by 70.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 663 shares of the technology company’s stock after buying an additional 275 shares during the period. OFI Invest Asset Management’s holdings in PTC were worth $114,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in PTC in the 1st quarter worth about $26,000. Motco purchased a new position in PTC in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PTC in the 1st quarter worth about $33,000. Zions Bancorporation National Association UT purchased a new position in PTC in the 1st quarter worth about $39,000. Finally, SVB Wealth LLC purchased a new position in PTC in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PTC. Weiss Ratings raised shares of PTC from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. KeyCorp reissued an “overweight” rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

PTC Stock Down 2.4%

NASDAQ:PTC opened at $196.90 on Monday. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The stock has a market capitalization of $23.59 billion, a P/E ratio of 46.44, a P/E/G ratio of 1.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50-day simple moving average is $207.69 and its 200-day simple moving average is $182.66.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share 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 analysts’ expectations of $582.12 million. During the same period last year, the business earned $0.98 EPS. The company’s revenue 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. On average, 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 other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.