Crewe Advisors LLC Sells 55 Shares of PTC Inc. $PTC

Crewe Advisors LLC lowered its stake in PTC Inc. (NASDAQ:PTC) by 12.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 385 shares of the technology company’s stock after selling 55 shares during the quarter. Crewe Advisors LLC’s holdings in PTC were worth $66,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 15,743 shares of the company’s stock, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus boosted 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. Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Finally, Oppenheimer upped their target price on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.14.

PTC Price Performance

Shares of PTC stock opened at $202.86 on Monday. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 1.95 and a beta of 1.14. The business’s fifty day moving average is $206.77 and its 200 day moving average is $184.34. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. 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 (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 17.09% and a net margin of 20.74%.The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal 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.