Arcus Capital Partners LLC Has $803,000 Stake in PTC Inc. $PTC

Arcus Capital Partners LLC reduced its holdings in PTC Inc. (NASDAQ:PTC) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,658 shares of the technology company’s stock after selling 259 shares during the period. Arcus Capital Partners LLC’s holdings in PTC were worth $803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Covea Finance raised its holdings in PTC by 66.7% during the first quarter. Covea Finance now owns 25,500 shares of the technology company’s stock worth $3,951,000 after acquiring an additional 10,200 shares in the last quarter. GAM Holding AG raised its stake in shares of PTC by 2.0% during the 1st quarter. GAM Holding AG now owns 31,248 shares of the technology company’s stock worth $4,842,000 after purchasing an additional 599 shares in the last quarter. Praxis Investment Management Inc. boosted its holdings in shares of PTC by 58.9% in the 1st quarter. Praxis Investment Management Inc. now owns 4,100 shares of the technology company’s stock valued at $635,000 after buying an additional 1,520 shares during the last quarter. TT International Asset Management LTD grew its stake in shares of PTC by 9.9% in the first quarter. TT International Asset Management LTD now owns 6,952 shares of the technology company’s stock valued at $1,077,000 after buying an additional 624 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in PTC during the first quarter worth $533,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PTC. Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets raised their price objective on PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. KeyCorp reiterated an “overweight” rating and set a $245.00 target price (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Finally, Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $202.14.

PTC Stock Performance

NASDAQ:PTC opened at $202.86 on Friday. The stock has a 50 day simple moving average of $206.77 and a 200 day simple moving average of $184.09. The stock has a market cap of $24.30 billion, a P/E ratio of 47.84, a PEG ratio of 1.95 and a beta of 1.14. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 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 firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

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.