Norden Group LLC Buys 435 Shares of PTC Inc. $PTC

Norden Group LLC boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,280 shares of the technology company’s stock after purchasing an additional 435 shares during the period. Norden Group LLC’s holdings in PTC were worth $565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock valued at $517,000 after acquiring an additional 473 shares during the period. Mather Group LLC. boosted its position in shares of PTC by 18.3% in 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 period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PTC by 20.4% in 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 in the last quarter. M&T Bank Corp increased its stake in shares of PTC by 8.2% in 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 in the last quarter. Finally, Bright Rock Capital Management LLC bought a new stake in shares of PTC during the 2nd quarter valued at $2,154,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTC. KeyCorp reiterated an “overweight” rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. BMO Capital Markets upped their price target on PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.14.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company’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 in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.

PTC Stock Down 0.4%

Shares of PTC opened at $202.71 on Friday. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The business’s 50 day simple moving average is $208.08 and its 200-day simple moving average is $179.05. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last 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. As a group, equities analysts expect 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.