PTC Inc. $PTC Shares Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its shareholding in PTC Inc. by 0.4% in Q1, bringing its total to approximately $58.1 million.
• Multiple analysts have given PTC a favorable outlook, with a consensus target price of $202.14 and several "buy" ratings following strong earnings results.
• PTC's stock recently reported an earnings per share (EPS) of $1.64, exceeding estimates, and demonstrating a 24.2% year-over-year revenue growth.

Candriam S.C.A. increased its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,978 shares of the technology company's stock after purchasing an additional 1,410 shares during the period. Candriam S.C.A. owned 0.31% of PTC worth $58,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in PTC in the first quarter valued at $26,000. Motco purchased a new position in PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PTC during the first quarter worth about $33,000. Zions Bancorporation National Association UT purchased a new position in PTC during the first quarter worth about $39,000. Finally, UMB Bank n.a. grew its position in PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after buying an additional 178 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Up 1.5%

PTC stock traded up $3.10 during mid-day trading on Friday, hitting $215.05. 668,593 shares of the company were exchanged, compared to its average volume of 969,782. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.76 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The firm has a fifty day simple moving average of $193.43 and a 200 day simple moving average of $171.88.

PTC (NASDAQ:PTC - Get Free Report) last posted 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. The business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The business's revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 transaction, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PTC shares. UBS Group restated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Piper Sandler upped their price objective on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Oppenheimer upped their price objective on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets increased their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average price target of $202.14.

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.