Chevy Chase Trust Holdings LLC Buys 252 Shares of PTC Inc. $PTC

Chevy Chase Trust Holdings LLC grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 63,356 shares of the technology company’s stock after acquiring an additional 252 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in PTC were worth $10,919,000 as of its most recent SEC filing.

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

PTC Stock Up 0.4%

NASDAQ PTC opened at $202.86 on Monday. The stock’s 50 day moving average is $206.77 and its 200 day moving average is $184.34. 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 stock has a market cap of $24.30 billion, a PE ratio of 47.84, a P/E/G ratio of 1.95 and a beta of 1.14.

PTC (NASDAQ:PTC) last posted 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 return on equity of 17.09% and a net margin of 20.74%.The company had revenue of $643.94 million for the quarter, compared to analysts’ expectations of $582.12 million. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s 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. Research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business’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 transaction, the executive vice president directly owned 15,743 shares of the company’s stock, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on PTC from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings raised PTC from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research cut PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Piper Sandler raised their target price on PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada raised their target price on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

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.