Praxis Investment Management Inc. Sells 540 Shares of PTC Inc. $PTC

Praxis Investment Management Inc. decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 13.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,560 shares of the technology company’s stock after selling 540 shares during the period. Praxis Investment Management Inc.’s holdings in PTC were worth $614,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of PTC from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Oppenheimer raised their price target on shares of PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Barclays set a $233.00 price target on shares of PTC in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $202.14.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction 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 owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

PTC Trading Up 0.4%

NASDAQ:PTC opened at $202.86 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The company has a market cap of $24.30 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The company has a 50 day simple moving average of $206.77 and a two-hundred day simple moving average of $183.91.

PTC (NASDAQ:PTC) last posted its 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 during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s 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. Research analysts forecast 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.