PTC (NASDAQ:PTC) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of PTC Inc. (NASDAQ:PTC). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in PTC stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

PTC Stock Down 1.1%

Shares of PTC stock opened at $162.94 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The business has a fifty day simple moving average of $153.52 and a 200 day simple moving average of $174.47. The stock has a market cap of $19.54 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million during the quarter, compared to analysts’ expectations of $608.64 million. During the same period in the previous year, the firm earned $1.46 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PTC. Barclays decreased their target price on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Piper Sandler decreased their target price on PTC from $202.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus decreased their target price on PTC from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on PTC from $185.00 to $191.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC bought a new stake in PTC during the first quarter worth about $26,000. Motco bought a new stake in PTC during the first quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new stake in PTC during the fourth quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter worth about $33,000. Finally, Allworth Financial LP raised its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.