Forum Financial Management LP Purchases 284 Shares of PTC Inc. $PTC

Forum Financial Management LP lifted its position in PTC Inc. (NASDAQ:PTC) by 12.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,563 shares of the technology company’s stock after buying an additional 284 shares during the period. Forum Financial Management LP’s holdings in PTC were worth $442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PTC. Bartlett & CO. Wealth Management LLC purchased a new position in PTC in the first quarter valued at about $26,000. Motco purchased a new position in PTC in the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PTC in the first quarter valued at about $33,000. Zions Bancorporation National Association UT purchased a new position in PTC in the first quarter valued at about $39,000. Finally, SVB Wealth LLC purchased a new position in PTC in the first quarter valued at about $41,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction that occurred 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 owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PTC shares. UBS Group reiterated a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Robert W. Baird set a $255.00 price target on PTC in a research note on Wednesday. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, KeyCorp restated an “overweight” rating and set a $245.00 price target (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.71.

PTC Price Performance

Shares of NASDAQ PTC opened at $204.81 on Friday. The business’s 50 day moving average price is $206.62 and its 200 day moving average price is $186.32. The firm has a market cap of $24.53 billion, a P/E ratio of 48.30, a P/E/G ratio of 1.97 and a beta of 1.14. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

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.