Groupama Asset Managment Purchases Shares of 6,909 PTC Inc. $PTC

Key Points

• Groupama Asset Management has acquired a new position in PTC Inc., purchasing 6,909 shares valued at approximately $1,070,000 in the first quarter.
• PTC's quarterly earnings surpassed analysts' expectations with an EPS of $1.64, significantly higher than the projected $1.22, and revenue rose by 24.2% year-over-year to $643.94 million.
• The stock has received upgrades from multiple analysts, with target prices ranging from $120 to $235, reflecting a consensus rating of "Moderate Buy" with an average target of $202.14.

Groupama Asset Managment acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,909 shares of the technology company's stock, valued at approximately $1,070,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC in the 1st quarter valued at about $26,000. Motco acquired a new stake in PTC in the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT acquired a new stake in PTC in the 1st quarter valued at about $39,000. Finally, UMB Bank n.a. increased its position in PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Trading Up 1.5%

NASDAQ PTC traded up $3.10 during trading on Friday, reaching $215.05. 668,593 shares of the stock traded hands, compared to its average volume of 969,782. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. The stock's 50-day moving average price is $193.43 and its 200 day moving average price is $171.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company 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. Analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 transaction, the executive vice president owned 15,743 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Robert W. Baird lifted their price target on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Finally, BMO Capital Markets lifted their price target on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $202.14.

About PTC

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.