Sax Wealth Advisors LLC Buys New Holdings in PTC Inc. $PTC

Sax Wealth Advisors LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,430 shares of the technology company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new stake in PTC during the 1st quarter valued at approximately $26,000. Motco bought a new stake in PTC during the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new stake in PTC during the 1st quarter valued at approximately $39,000. Finally, SVB Wealth LLC bought a new stake in PTC during the 1st quarter valued at approximately $41,000. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

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

PTC Stock Performance

NASDAQ PTC opened at $201.72 on Friday. The company has a market cap of $24.16 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.96 and a beta of 1.14. 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 business’s 50 day moving average price is $208.00 and its 200-day moving average price is $182.13. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last posted 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 return on equity of 17.09% and a net margin of 20.74%.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 previous year, the business earned $0.98 EPS. PTC’s 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. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PTC. Weiss Ratings raised PTC from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating on shares of PTC in a report on Tuesday, July 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.14.

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.