Banco Bilbao Vizcaya Argentaria S.A. Has $2.73 Million Holdings in PTC Inc. $PTC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in PTC Inc. by 46.8% by acquiring 5,622 additional shares, bringing its total holdings to 17,645 shares valued at approximately $2.73 million.
• PTC reported earnings of $1.64 EPS for the quarter, significantly surpassing analysts' expectations of $1.22, along with a revenue increase of 24.2% year-over-year.
• Several analysts have revised their price targets for PTC, with Oppenheimer raising their target from $225.00 to $240.00, indicating a positive outlook for the stock.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 46.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,645 shares of the technology company's stock after purchasing an additional 5,622 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PTC were worth $2,733,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PTC. Nuveen LLC purchased a new position in PTC during the 1st quarter worth $241,789,000. Pictet Asset Management Holding SA boosted its position in shares of PTC by 41.6% in 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 acquiring an additional 844,418 shares during the last quarter. GAMMA Investing LLC raised its holdings in PTC by 13,184.0% in the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock valued at $53,517,000 after buying an additional 342,784 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of PTC during the fourth quarter valued at approximately $59,506,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of PTC by 43.2% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,006,901 shares of the technology company's stock worth $156,019,000 after buying an additional 303,676 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded down $1.73 during midday trading on Tuesday, hitting $212.63. The company's stock had a trading volume of 205,543 shares, compared to its average volume of 1,060,100. 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's 50-day moving average price is $194.26 and its 200-day moving average price is $172.20. 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 $25.47 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping 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 firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same period in the previous year, the business earned $0.98 earnings per share. PTC'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. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on PTC. Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their price target on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price target on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Robert W. Baird boosted their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Eleven investment 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 a consensus target price of $202.14.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's 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 sale, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Company 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.