Amundi Has $80.77 Million Stock Position in PTC Inc. $PTC

Key Points

• Amundi increased its stake in PTC Inc. by 8.2% during the first quarter, owning 527,950 shares valued at approximately $80.77 million as of the latest filing.
• PTC reported a quarterly earnings result of $1.64 earnings per share, exceeding analyst expectations and showing a 24.2% year-over-year revenue increase.
• Wall Street analysts have a consensus price target of $202.14 for PTC, with a majority rating it as a "Moderate Buy."

Amundi lifted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,950 shares of the technology company's stock after acquiring an additional 39,896 shares during the period. Amundi owned approximately 0.44% of PTC worth $80,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PTC. T. Rowe Price Investment Management Inc. grew its stake in shares of PTC by 17.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock worth $3,147,478,000 after acquiring an additional 3,048,311 shares during the last quarter. Nuveen LLC acquired a new stake in PTC during the first quarter worth $241,789,000. Pictet Asset Management Holding SA boosted its stake in PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after buying an additional 844,418 shares in the last quarter. GAMMA Investing LLC boosted its stake in PTC by 13,184.0% during the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after buying an additional 342,784 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in PTC during the fourth quarter worth $59,506,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Barclays set a $233.00 price target on shares of PTC in a research note on Thursday, July 31st. Oppenheimer lifted their price target on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Trading Up 0.3%

Shares of PTC stock opened at $213.90 on Friday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a market capitalization of $25.62 billion, a P/E ratio of 50.45, a P/E/G ratio of 2.27 and a beta of 1.18. The firm has a 50-day moving average price of $202.49 and a 200 day moving average price of $174.96. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

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

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.

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