Kovitz Investment Group Partners LLC Sells 68 Shares of PTC Inc. $PTC

Kovitz Investment Group Partners LLC trimmed its holdings in PTC Inc. (NASDAQ:PTC) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,833 shares of the technology company’s stock after selling 68 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in PTC were worth $284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of PTC in the first quarter worth approximately $26,000. Motco purchased a new stake in shares of PTC in the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PTC in the first quarter worth approximately $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of PTC in the first quarter worth approximately $39,000. Finally, UMB Bank n.a. raised its holdings in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after buying an additional 178 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Up 1.5%

Shares of NASDAQ PTC opened at $215.05 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. The stock has a market capitalization of $25.76 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The stock’s fifty day simple moving average is $193.43 and its two-hundred day simple moving average is $172.01. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. The business 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 business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PTC. 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 price objective on shares of PTC in a report on Tuesday, July 29th. Oppenheimer raised their price objective on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Robert W. Baird raised their price objective on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, KeyCorp restated an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average 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 the firm’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 completion of the sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by insiders.

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.