Amundi Has $107.65 Million Stock Position in PTC Inc. $PTC

Key Points

• Amundi cut its PTC stake by 45.1% in the second quarter, selling 777,893 shares but retaining 947,662 shares valued at approximately $107.65 million. Institutional investors and hedge funds collectively own 95.14% of PTC.
• PTC shares opened at $128.89, down 3.3%, and remain well below their 52-week high of $208.56. The company’s latest earnings slightly exceeded EPS expectations, but revenue declined 6.8% year over year.
• Analyst sentiment is mixed, with seven Buy, six Hold, and one Sell rating; the consensus rating is Hold, with an average price target of $170.14.

Amundi reduced its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 45.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 947,662 shares of the technology company's stock after selling 777,893 shares during the period. Amundi owned approximately 0.87% of PTC worth $107,651,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of PTC in the fourth quarter valued at approximately $27,000. Palladiem LLC acquired a new position in PTC during the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in PTC in the 4th quarter valued at $29,000. Keating Financial Advisory Services Inc. bought a new stake in PTC in the 2nd quarter valued at $30,000. Finally, Allworth Financial LP acquired a new stake in PTC in the 2nd quarter worth $32,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Down 3.3%

PTC stock opened at $128.89 on Thursday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $208.56. The firm has a market cap of $13.99 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.82 and a beta of 1.00. The business's 50 day moving average is $137.80 and its 200-day moving average is $139.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts anticipate that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

PTC has been the topic of several research reports. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Citigroup increased their target price on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. BMO Capital Markets lifted their target price on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Piper Sandler cut their price target on PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, BNP Paribas Exane started coverage on PTC in a research report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PTC presently has a consensus rating of "Hold" and an average price target of $170.14.

PTC Profile

PTC Inc NASDAQ: PTC is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.

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