Tributary Capital Management LLC Has $1.45 Million Stock Position in PTC Inc. $PTC

Tributary Capital Management LLC grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,409 shares of the technology company’s stock after acquiring an additional 317 shares during the period. Tributary Capital Management LLC’s holdings in PTC were worth $1,449,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of PTC by 17.7% during the first 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 during the period. Nuveen LLC bought a new position in PTC in the first quarter valued at approximately $241,789,000. Pictet Asset Management Holding SA increased its stake in PTC by 41.6% in 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 acquiring an additional 844,418 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in PTC by 27.5% in 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 acquiring an additional 327,326 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of PTC by 43.2% during 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 buying an additional 303,676 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company’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 completion of the sale, the executive vice president directly owned 15,743 shares of the company’s stock, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

PTC Trading Down 0.7%

PTC opened at $203.03 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick 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 $24.32 billion, a PE ratio of 47.88, a P/E/G ratio of 1.97 and a beta of 1.14. The company’s 50-day moving average is $206.71 and its 200 day moving average is $185.06.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTC. Robert W. Baird set a $255.00 target price on shares of PTC in a research note on Wednesday. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada boosted their target price on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $206.71.

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.