Greenleaf Trust Invests $283,000 in PTC Inc. $PTC

Greenleaf Trust acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,642 shares of the technology company’s stock, valued at approximately $283,000.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of PTC by 16.5% during the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock worth $517,000 after purchasing an additional 473 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock worth $131,000 after purchasing an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 2,285 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 724 shares during the last quarter. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of PTC during the second quarter worth $2,154,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

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. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PTC shares. KeyCorp restated an “overweight” rating and set a $245.00 price objective (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald set a $120.00 price objective on PTC and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.14.

PTC Trading Down 0.0%

Shares of PTC opened at $203.00 on Friday. The stock’s 50-day moving average is $208.26 and its two-hundred day moving average is $181.10. The stock has a market cap of $24.32 billion, a PE ratio of 47.88, a P/E/G ratio of 1.95 and a beta of 1.14. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. The company 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 firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts forecast 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.