PTC Inc. $PTC Stake Cut by BDF Gestion

BDF Gestion cut its position in shares of PTC Inc. (NASDAQ:PTC) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,778 shares of the technology company’s stock after selling 957 shares during the quarter. BDF Gestion’s holdings in PTC were worth $1,513,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC during the first quarter valued at $26,000. Motco acquired a new position in shares of PTC during the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC during the first quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC during the first quarter valued at $39,000. Finally, SVB Wealth LLC acquired a new position in shares of PTC during the first quarter valued at $41,000. 95.14% of the stock is currently owned by institutional investors.

PTC Price Performance

NASDAQ:PTC opened at $205.95 on Friday. The business’s 50-day moving average price is $207.24 and its 200 day moving average price is $177.99. The firm has a market cap of $24.67 billion, a P/E ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.18. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share 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 firm had revenue of $643.94 million for the quarter, compared to analysts’ expectations of $582.12 million. During the same quarter last year, the business posted $0.98 EPS. PTC’s revenue 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. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer raised their price target on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Stifel Nicolaus raised their price target on PTC from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price target on shares of PTC in a report on Tuesday, July 29th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, UBS Group reaffirmed a “buy” rating on shares of PTC in a report 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. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $202.14.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated 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 sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

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.