PTC Inc. $PTC Stake Increased by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. grew its position in PTC Inc. (NASDAQ:PTC) by 0.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 190,899 shares of the technology company’s stock after purchasing an additional 1,061 shares during the quarter. PTC accounts for approximately 3.0% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 8th biggest holding. Capital Investment Services of America Inc.’s holdings in PTC were worth $32,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. increased 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 worth $3,147,478,000 after purchasing an additional 3,048,311 shares in the last quarter. Nuveen LLC purchased a new position in shares of PTC in the first quarter worth approximately $241,789,000. Pictet Asset Management Holding SA grew its position in PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock valued at $445,687,000 after buying an additional 844,418 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PTC by 27.5% during the first 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 buying an additional 327,326 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in PTC by 43.2% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,006,901 shares of the technology company’s stock worth $156,019,000 after acquiring an additional 303,676 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PTC. UBS Group restated a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. BMO Capital Markets upped their price target on PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their price objective on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Barclays set a $233.00 target price on shares of PTC in a report on Thursday, July 31st. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus price target of $206.71.

PTC Price Performance

Shares of NASDAQ:PTC opened at $203.03 on Thursday. The firm has a market cap of $24.32 billion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 1.97 and a beta of 1.14. The firm has a fifty day moving average price of $206.71 and a 200 day moving average price of $185.06. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. 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 (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million for the quarter, compared to analysts’ expectations of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

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.