Maryland State Retirement & Pension System Grows Stock Holdings in PTC Inc. $PTC

Maryland State Retirement & Pension System grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,796 shares of the technology company’s stock after buying an additional 263 shares during the quarter. Maryland State Retirement & Pension System’s holdings in PTC were worth $999,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group grew its holdings in PTC by 15.5% during the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock valued at $68,000 after purchasing an additional 59 shares in the last quarter. D.A. Davidson & CO. grew its holdings in PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after purchasing an additional 70 shares in the last quarter. American Century Companies Inc. grew its holdings in PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after purchasing an additional 73 shares in the last quarter. Ballentine Partners LLC boosted its stake in PTC by 0.9% during the 2nd quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock valued at $1,476,000 after acquiring an additional 73 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Down 2.4%

Shares of NASDAQ:PTC opened at $196.90 on Monday. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 1.89 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’s fifty day moving average is $207.69 and its two-hundred day moving average is $182.66. 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 issued 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. The company 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 firm’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling at PTC

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on PTC shares. Royal Bank Of Canada increased their price objective on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. UBS Group reiterated a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.