Vanguard Personalized Indexing Management LLC Grows Stock Holdings in PTC Inc. $PTC

Vanguard Personalized Indexing Management LLC grew its stake in PTC Inc. (NASDAQ:PTC) by 26.5% in the second quarter, Holdings Channel.com reports. The firm owned 13,538 shares of the technology company’s stock after acquiring an additional 2,835 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PTC were worth $2,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PTC. Bartlett & CO. Wealth Management LLC acquired a new position in PTC during the first quarter worth $26,000. Motco purchased a new position in shares of PTC during the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC during the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of PTC in the first quarter valued at about $39,000. Finally, SVB Wealth LLC acquired a new stake in PTC during the first quarter worth about $41,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Up 0.4%

Shares of NASDAQ:PTC opened at $202.80 on Thursday. The firm has a market capitalization of $24.29 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. 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’s 50-day moving average is $206.90 and its two-hundred day moving average is $183.26.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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. The firm had revenue of $643.94 million during 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 business posted $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. 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. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Royal Bank Of Canada lifted their target price on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Oppenheimer increased their price target on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, BMO Capital Markets boosted their price objective on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, August 6th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.