PTC Inc. $PTC Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in PTC Inc. by 10.4%, selling 19,555 shares during the 1st quarter, leaving it with approximately 168,247 shares valued at $24.1 million.
• Several other institutional investors significantly increased their positions, with Northwestern Mutual Wealth Management Co. raising its holdings by 48.9% and Allstate Corp by 83.3% during the same quarter.
• Analysts have set new target prices for PTC, with BMO Capital Markets raising it to $231.00 and Barclays setting it at $233.00, reflecting a general optimistic outlook for the stock.

APG Asset Management N.V. trimmed its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 10.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,247 shares of the technology company's stock after selling 19,555 shares during the period. APG Asset Management N.V. owned 0.14% of PTC worth $24,134,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PTC. Northwestern Mutual Wealth Management Co. boosted its position in shares of PTC by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,324 shares of the technology company's stock worth $515,000 after purchasing an additional 1,091 shares during the period. Allstate Corp lifted its stake in shares of PTC by 83.3% during the 1st quarter. Allstate Corp now owns 6,474 shares of the technology company's stock valued at $1,003,000 after buying an additional 2,942 shares in the last quarter. Norinchukin Bank The boosted its holdings in PTC by 16.3% in the 1st quarter. Norinchukin Bank The now owns 6,674 shares of the technology company's stock worth $1,034,000 after buying an additional 936 shares during the period. Wormser Freres Gestion boosted its holdings in PTC by 8.5% in the 1st quarter. Wormser Freres Gestion now owns 52,239 shares of the technology company's stock worth $8,114,000 after buying an additional 4,093 shares during the period. Finally, Candriam S.C.A. raised its holdings in PTC by 0.4% during the first quarter. Candriam S.C.A. now owns 374,978 shares of the technology company's stock valued at $58,103,000 after acquiring an additional 1,410 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. BMO Capital Markets upped their target price on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Piper Sandler boosted their price objective on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $202.14.

PTC Stock Down 0.7%

Shares of PTC stock traded down $1.50 on Thursday, reaching $215.03. The stock had a trading volume of 526,004 shares, compared to its average volume of 1,058,001. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.76 billion, a P/E ratio of 50.71, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a 50 day moving average price of $197.13 and a 200 day moving average price of $173.11. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the prior year, the business posted $0.98 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. 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, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on 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 directly owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by 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.