Assenagon Asset Management S.A. raised its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 104.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,989 shares of the technology company's stock after purchasing an additional 114,961 shares during the quarter. Assenagon Asset Management S.A. owned 0.19% of PTC worth $25,561,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new position in PTC during the 4th quarter worth $27,000. Palladiem LLC purchased a new stake in shares of PTC in the fourth quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of PTC in the fourth quarter valued at about $29,000. Cedar Mountain Advisors LLC bought a new position in shares of PTC during the first quarter valued at about $36,000. Finally, Rakuten Securities Inc. lifted its position in shares of PTC by 2,725.0% during the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company's stock valued at $39,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 95.14% of the company's stock.
Insider Buying and Selling
In other PTC news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on PTC shares. Piper Sandler reduced their price objective on shares of PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 target price for the company. Stifel Nicolaus decreased their price target on PTC from $180.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, BMO Capital Markets lifted their price target on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $170.14.
Check Out Our Latest Report on PTC
PTC Price Performance
Shares of NASDAQ PTC opened at $147.71 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $125.94 and a two-hundred day simple moving average of $140.84. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $217.64. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.
PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts anticipate that PTC Inc. will post 6.47 earnings per share for the current year.
PTC Profile
(
Free Report)
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.
Further Reading
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