Wealth Enhancement Advisory Services LLC Acquires 918 Shares of PTC Inc. $PTC

Wealth Enhancement Advisory Services LLC grew its holdings in PTC Inc. (NASDAQ:PTC) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,372 shares of the technology company’s stock after purchasing an additional 918 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in PTC were worth $769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PTC. Fifth Third Wealth Advisors LLC increased its holdings in PTC by 11.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,582 shares of the technology company’s stock worth $245,000 after acquiring an additional 167 shares during the period. Rhumbline Advisers increased its holdings in PTC by 7.6% during the 1st quarter. Rhumbline Advisers now owns 241,059 shares of the technology company’s stock worth $37,352,000 after acquiring an additional 17,017 shares during the period. Sendero Wealth Management LLC bought a new stake in PTC during the 1st quarter worth approximately $358,000. Portside Wealth Group LLC increased its holdings in PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock worth $514,000 after acquiring an additional 78 shares during the period. Finally, UMB Bank n.a. increased its holdings in PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after acquiring an additional 178 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PTC shares. BMO Capital Markets upped their target price on shares of PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. 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. Finally, UBS Group reissued a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $202.14.

PTC Price Performance

Shares of PTC stock opened at $203.02 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. The company has a fifty day moving average of $208.29 and a 200-day moving average of $180.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company had revenue of $643.94 million during the quarter, compared to analysts’ expectations of $582.12 million. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s revenue 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. Equities research analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were 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 approximately $3,405,053.47. This represents a 11.21% decrease in their position. The sale 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.

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.