Park Avenue Securities LLC Invests $255,000 in PTC Inc. $PTC

Park Avenue Securities LLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,477 shares of the technology company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of PTC during the first quarter worth about $26,000. Motco bought a new position in PTC in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PTC during the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new stake in shares of PTC during the first quarter valued at approximately $39,000. Finally, SVB Wealth LLC bought a new stake in shares of PTC during the first quarter valued at approximately $41,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PTC has been the subject of a number of research reports. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Finally, KeyCorp reissued an “overweight” rating and set a $245.00 price target (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average target price of $202.14.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 15,743 shares in the company, valued at $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 is available through the SEC website. 0.32% of the stock is currently owned by insiders.

PTC Trading Down 0.3%

NASDAQ PTC opened at $202.42 on Thursday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a fifty day simple moving average of $208.27 and a two-hundred day simple moving average of $180.36. 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 cap of $24.25 billion, a P/E ratio of 47.74, a P/E/G ratio of 2.09 and a beta of 1.14.

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 the consensus estimate of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior 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. On average, analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

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.