Johnson Investment Counsel Inc. Has $2.13 Million Stock Holdings in PTC Inc. $PTC

Johnson Investment Counsel Inc. lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,362 shares of the technology company’s stock after selling 120 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in PTC were worth $2,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of PTC by 17.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after buying an additional 3,048,311 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of PTC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company’s stock worth $2,220,771,000 after buying an additional 39,688 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock worth $445,687,000 after buying an additional 844,418 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of PTC by 1.9% during the 1st quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company’s stock worth $367,382,000 after buying an additional 44,961 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PTC during the 1st quarter worth about $241,789,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PTC shares. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Weiss Ratings upgraded shares of PTC from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price objective on shares of PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Piper Sandler lifted their price objective on shares of PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $202.14.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s 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 transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC Price Performance

PTC stock opened at $202.48 on Tuesday. 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 Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The firm has a market cap of $24.26 billion, a P/E ratio of 47.75, a P/E/G ratio of 1.89 and a beta of 1.14. The company’s 50-day moving average price is $207.41 and its two-hundred day moving average price is $182.99.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm 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 EPS. The business’s quarterly revenue 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. On average, analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC 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.