Public Employees Retirement System of Ohio Buys 585 Shares of PTC Inc. $PTC

Public Employees Retirement System of Ohio boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,358 shares of the technology company’s stock after purchasing an additional 585 shares during the period. Public Employees Retirement System of Ohio’s holdings in PTC were worth $6,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC acquired a new position in PTC during the 1st quarter worth approximately $26,000. Motco bought a new stake in shares of PTC in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PTC during the first quarter worth $33,000. Zions Bancorporation National Association UT bought a new position in PTC in the first quarter valued at $39,000. Finally, SVB Wealth LLC acquired a new stake in PTC in the 1st quarter valued at $41,000. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PTC has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Barclays set a $233.00 price objective on PTC in a research note on Thursday, July 31st. UBS Group reissued a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The stock was 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 approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

PTC Price Performance

PTC stock opened at $202.96 on Monday. The company’s 50-day moving average price is $208.14 and its two-hundred day moving average price is $179.71. The firm has a market cap of $24.31 billion, a P/E ratio of 47.87, a P/E/G ratio of 2.09 and a beta of 1.18. 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.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.42. The firm 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 in the previous year, the business posted $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. On average, analysts anticipate that PTC Inc. will post 4.46 earnings per share 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.