J. Safra Sarasin Holding AG Sells 9,606 Shares of PTC Inc. $PTC

Key Points

• J. Safra Sarasin Holding AG sold 9,606 shares of PTC Inc., reducing its holdings by 19.1% during the second quarter, now owning 40,685 shares valued at approximately $7 million.
• PTC reported $1.64 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.22, with revenue of $643.94 million, a 24.2% year-over-year increase.
• Analysts have highlighted a range of target prices for PTC shares, with Barclays setting a target of $233.00 and KeyCorp increasing its target from $192.00 to $245.00, reflecting confidence in the company's performance.

J. Safra Sarasin Holding AG lowered its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 19.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 40,685 shares of the technology company's stock after selling 9,606 shares during the period. J. Safra Sarasin Holding AG's holdings in PTC were worth $7,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. lifted its position in shares of PTC by 17.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after buying an additional 3,048,311 shares during the last quarter. Nuveen LLC acquired a new stake in PTC during the 1st quarter valued at $241,789,000. Pictet Asset Management Holding SA lifted its holdings in PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in PTC by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company's stock worth $235,134,000 after purchasing an additional 327,326 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings 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 valued at $156,019,000 after purchasing an additional 303,676 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

PTC stock opened at $203.02 on Friday. The firm has a market cap of $24.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. 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 $208.29 and its two-hundred day moving average price is $180.66. 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 released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.98 EPS. PTC's quarterly revenue was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business'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 transaction of $429,984.52. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada upped their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. KeyCorp reiterated an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Finally, Piper Sandler boosted their price target on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, PTC has an average rating of "Moderate Buy" and a consensus target price 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.

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