PTC Inc. $PTC Position Trimmed by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its stake in PTC Inc. by 9.2%, now holding 125,990 shares valued at approximately $19.5 million.
• Wall Street analysts have raised their target prices for PTC, with BMO Capital Markets increasing it from $187 to $231 and Oppenheimer from $225 to $240, reflecting positive growth expectations.
• PTC reported earnings per share (EPS) of $1.64 for the last quarter, exceeding estimates and indicating a 24.2% year-over-year revenue growth.

Credit Agricole S A trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,990 shares of the technology company's stock after selling 12,778 shares during the period. Credit Agricole S A owned about 0.11% of PTC worth $19,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC acquired a new position in PTC during the first quarter valued at approximately $26,000. Motco acquired a new position in PTC during the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PTC during the first quarter valued at approximately $33,000. Zions Bancorporation National Association UT acquired a new position in shares of PTC during the first quarter worth $39,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of PTC during the fourth quarter worth $47,000. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Up 1.5%

Shares of NASDAQ:PTC traded up $3.10 during midday trading on Friday, reaching $215.05. The company had a trading volume of 668,593 shares, compared to its average volume of 969,782. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock's fifty day moving average price is $193.43 and its 200-day moving average price is $172.01. The stock has a market capitalization of $25.76 billion, a P/E ratio of 50.72, a PEG ratio of 2.25 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $219.69.

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, topping analysts' consensus estimates of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. 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 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 business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PTC shares. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Piper Sandler boosted their target price on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating 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 research report on Tuesday, July 29th. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Finally, UBS Group reissued a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently 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.