Dakota Wealth Management Has $5.12 Million Stake in PTC Inc. $PTC

Dakota Wealth Management grew its position in PTC Inc. (NASDAQ:PTC) by 28.2% in the second quarter, HoldingsChannel.com reports. The fund owned 29,696 shares of the technology company’s stock after buying an additional 6,526 shares during the quarter. Dakota Wealth Management’s holdings in PTC were worth $5,118,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PTC. Bartlett & CO. Wealth Management LLC bought a new position in PTC in the 1st quarter valued at $26,000. Motco acquired a new stake in shares of PTC in the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PTC in the first quarter valued at about $33,000. Zions Bancorporation National Association UT acquired a new position in PTC during the 1st quarter worth about $39,000. Finally, SVB Wealth LLC acquired a new position in PTC during the 1st quarter worth about $41,000. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by company insiders.

PTC Stock Performance

Shares of PTC stock opened at $202.71 on Friday. The firm has a fifty day moving average of $208.08 and a two-hundred day moving average of $179.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 2.10 and a beta of 1.18. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69.

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

Wall Street Analyst Weigh In

PTC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Piper Sandler boosted their price objective on shares of PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. KeyCorp reiterated an “overweight” rating and issued a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. UBS Group reissued a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $202.14.

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.