Assenagon Asset Management S.A. Has $11.77 Million Stock Holdings in PTC Inc. $PTC

Key Points

• Assenagon Asset Management S.A. reduced its holdings in PTC Inc. by 16.7%, owning approximately $11.77 million worth of the stock as of the latest SEC filing.
• Several institutional investors have increased their stakes in PTC, including YHB Investment Advisors Inc. and Wealth Enhancement Advisory Services LLC, which both boosted their positions by over 26% in the second quarter.
• PTC reported a strong earnings performance with an EPS of $1.64 for the last quarter, exceeding estimates by $0.42, and its revenue increased by 24.2% year-over-year.

Assenagon Asset Management S.A. lessened its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,280 shares of the technology company's stock after selling 13,695 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of PTC worth $11,767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. YHB Investment Advisors Inc. boosted its position in shares of PTC by 26.6% in the second quarter. YHB Investment Advisors Inc. now owns 1,954 shares of the technology company's stock worth $337,000 after buying an additional 410 shares during the period. Bright Rock Capital Management LLC acquired a new stake in PTC during the second quarter valued at $2,154,000. Wealth Enhancement Advisory Services LLC boosted its position in PTC by 26.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,372 shares of the technology company's stock valued at $769,000 after purchasing an additional 918 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in PTC by 8.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 46,800 shares of the technology company's stock valued at $8,066,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in PTC by 2.7% during the second quarter. Wedmont Private Capital now owns 4,054 shares of the technology company's stock valued at $699,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analyst Weigh In

PTC has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. KeyCorp reaffirmed an "overweight" rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Barclays set a $233.00 price target on PTC in a research report on Thursday, July 31st. Finally, Piper Sandler boosted their price target on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and an average target price of $202.14.

PTC Trading Down 0.0%

PTC stock opened at $205.93 on Tuesday. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.18. The firm has a 50-day moving average of $207.54 and a 200-day moving average of $178.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89.

PTC (NASDAQ:PTC - Get Free Report) last issued its 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same period 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. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.