HighTower Advisors LLC Reduces Position in PTC Inc. $PTC

HighTower Advisors LLC cut its position in PTC Inc. (NASDAQ:PTC) by 30.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,083 shares of the technology company’s stock after selling 1,824 shares during the period. HighTower Advisors LLC’s holdings in PTC were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Trust Asset Management LLC increased its position in shares of PTC by 10.4% in the 1st quarter. Trust Asset Management LLC now owns 1,356 shares of the technology company’s stock valued at $210,000 after purchasing an additional 128 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of PTC by 7.8% in the 1st quarter. Public Sector Pension Investment Board now owns 18,680 shares of the technology company’s stock valued at $2,894,000 after purchasing an additional 1,354 shares during the last quarter. Nuveen LLC purchased a new stake in shares of PTC in the 1st quarter valued at approximately $241,789,000. Covestor Ltd increased its position in shares of PTC by 247.2% in the 1st quarter. Covestor Ltd now owns 427 shares of the technology company’s stock valued at $66,000 after purchasing an additional 304 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of PTC in the 1st quarter valued at $39,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction 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 trade represents 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. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PTC shares. Oppenheimer increased their price target on shares of PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a 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 report on Tuesday, July 29th. BMO Capital Markets increased their price target on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.14.

PTC Stock Performance

NASDAQ:PTC opened at $213.50 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 firm has a 50-day moving average price of $198.06 and a two-hundred day moving average price of $173.42. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market capitalization of $25.58 billion, a P/E ratio of 50.35, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share 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 during the quarter, compared to the consensus estimate of $582.12 million. During the same period last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter 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. As a group, research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.