BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 9,509 Shares of PTC Inc. $PTC

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in PTC Inc. by 61.6% in Q1, holding a position now worth $3.87 million with a total of 24,944 shares.
• Institutional investors own 95.14% of PTC's stock, reflecting significant interest from firms such as T. Rowe Price and Pictet Asset Management, which have made substantial changes to their holdings.
• PTC reported earnings of $1.64 per share, exceeding analyst expectations, with a revenue of $643.94 million for the quarter, marking a 24.2% year-over-year increase.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 61.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,944 shares of the technology company's stock after acquiring an additional 9,509 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in PTC were worth $3,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. lifted its holdings in PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after purchasing an additional 1,773,653 shares during the last quarter. Nuveen LLC bought a new position in PTC during the 1st quarter worth $241,789,000. Pictet Asset Management Holding SA lifted its holdings in shares of 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 position in shares of 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 acquiring an additional 342,784 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of PTC in the fourth quarter valued at about $59,506,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. KeyCorp reaffirmed an "overweight" rating and set a $245.00 price target (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada lifted their price target on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $202.14.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's 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 sale, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Price Performance

PTC traded up $3.10 during trading on Friday, hitting $215.05. 668,593 shares of the stock traded hands, compared to its average volume of 969,782. The business has a 50 day moving average price of $193.43 and a 200 day moving average price of $172.01. 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 Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.25 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 earnings per share (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 company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter last year, the company posted $0.98 EPS. The company'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. Equities research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.