Sendero Wealth Management LLC Has $492,000 Holdings in PTC Inc. $PTC

Sendero Wealth Management LLC lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,855 shares of the technology company’s stock after buying an additional 547 shares during the period. Sendero Wealth Management LLC’s holdings in PTC were worth $492,000 at the end of the most recent quarter.

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

Insider Activity

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

PTC Stock Performance

Shares of NASDAQ PTC opened at $203.00 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $24.32 billion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 1.95 and a beta of 1.14. The stock’s fifty day moving average price is $208.26 and its two-hundred day moving average price is $181.24. PTC Inc. has a one year low of $133.38 and a one year high of $219.69.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) 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 company had revenue of $643.94 million during the quarter, compared to analysts’ expectations of $582.12 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. PTC’s quarterly revenue was up 24.2% on a year-over-year basis. 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 forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. KeyCorp reissued an “overweight” rating and set a $245.00 target price (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of PTC in a research note on Saturday, September 27th. Cantor Fitzgerald set a $120.00 price target on PTC and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $202.14.

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.