PTC Inc. $PTC Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. grew its stake in PTC Inc. (NASDAQ:PTC) by 17.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 20,312,856 shares of the technology company’s stock after buying an additional 3,048,311 shares during the quarter. PTC accounts for 2.1% of T. Rowe Price Investment Management Inc.’s holdings, making the stock its 2nd biggest position. T. Rowe Price Investment Management Inc. owned approximately 0.17% of PTC worth $3,147,478,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in PTC by 16.5% during the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock worth $517,000 after purchasing an additional 473 shares during the last quarter. Mather Group LLC. raised its position in PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock worth $131,000 after acquiring an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company’s stock worth $2,091,000 after acquiring an additional 2,285 shares in the last quarter. M&T Bank Corp raised its position in PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 724 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in PTC by 8.3% during the first quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company’s stock worth $312,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at PTC

In other PTC 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 transaction of $429,984.52. Following the sale, the executive vice president directly 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 SEC, which is available at the SEC website. 0.32% of the stock is owned by insiders.

PTC Price Performance

Shares of PTC opened at $209.87 on Wednesday. The firm has a market capitalization of $25.14 billion, a PE ratio of 49.50, a PEG ratio of 2.21 and a beta of 1.17. The company’s 50-day moving average is $190.90 and its 200-day moving average is $171.42. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week 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.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS 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 business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same period last year, the firm earned $0.98 earnings per share. PTC’s revenue for the quarter 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. Equities analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 price target on shares of PTC in a research report on Thursday, July 31st. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, KeyCorp reissued an “overweight” rating and issued a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

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.