Delta Capital Management LLC Invests $202,000 in PTC Inc. $PTC

Delta Capital Management LLC purchased a new position in shares of PTC Inc. (NASDAQ:PTC) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,170 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in PTC by 47.9% during the 2nd quarter. Signaturefd LLC now owns 1,693 shares of the technology company’s stock valued at $292,000 after acquiring an additional 548 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in shares of PTC in the second quarter valued at approximately $246,000. Congress Asset Management Co. grew its position in shares of PTC by 6.1% in the second quarter. Congress Asset Management Co. now owns 129,358 shares of the technology company’s stock valued at $22,294,000 after purchasing an additional 7,435 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in PTC by 195.9% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 10,621 shares of the technology company’s stock valued at $1,830,000 after buying an additional 7,032 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in PTC by 28.2% in the 2nd quarter. Dakota Wealth Management now owns 29,696 shares of the technology company’s stock valued at $5,118,000 after buying an additional 6,526 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president directly owned 15,743 shares of the company’s stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PTC shares. Piper Sandler boosted their price target on PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Barclays set a $233.00 price objective on PTC in a research report on Thursday, July 31st. BMO Capital Markets raised their price target on shares of PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, UBS Group reaffirmed a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.14.

PTC Trading Up 0.1%

Shares of PTC stock opened at $202.96 on Monday. The firm has a market cap of $24.31 billion, a P/E ratio of 47.87, a PEG ratio of 2.09 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 company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm’s 50-day simple moving average is $208.14 and its 200-day simple moving average is $179.71.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the business posted $0.98 earnings per share. PTC’s revenue for the quarter was up 24.2% compared to the same quarter last year. 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 forecast that PTC Inc. will post 4.46 EPS for the current year.

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.