PTC Inc. $PTC Shares Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 327.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,853 shares of the technology company’s stock after buying an additional 2,186 shares during the period. Bayforest Capital Ltd’s holdings in PTC were worth $492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group raised its stake in PTC by 15.5% in the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock valued at $68,000 after purchasing an additional 59 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock worth $582,000 after buying an additional 70 shares in the last quarter. American Century Companies Inc. raised its position in shares of PTC by 3.3% in the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after buying an additional 73 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of PTC by 0.9% during the second quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock valued at $1,476,000 after buying an additional 73 shares during the period. Finally, Empowered Funds LLC boosted its position in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after acquiring an additional 75 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group reiterated a “buy” rating on shares of PTC in a report on Tuesday, July 29th. Weiss Ratings upgraded PTC from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Piper Sandler lifted their price target on PTC from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, KeyCorp reiterated an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $202.14.

PTC Stock Down 0.2%

Shares of NASDAQ:PTC opened at $202.06 on Wednesday. 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 1 year low of $133.38 and a 1 year high of $219.69. The stock has a market capitalization of $24.21 billion, a P/E ratio of 47.66, a PEG ratio of 1.95 and a beta of 1.14. The stock has a 50-day simple moving average of $207.16 and a 200-day simple moving average of $183.13.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter last year, the firm posted $0.98 earnings per share. 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. Equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares of the company’s stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.32% of the company’s stock.

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.