Lbp Am Sa Reduces Holdings in PTC Inc. $PTC

Key Points

• Lbp Am Sa has reduced its holdings in PTC Inc. by 7.9%, now owning approximately 78,222 shares valued at $13.48 million after selling 6,668 shares in the 2nd quarter.
• The PTC Inc. stock experienced a 0.4% decrease and currently has a market capitalization of $24.32 billion, with a 52-week range between $133.38 and $219.69.
• PTC reported a Q2 EPS of $1.64, exceeding analyst expectations of $1.22, and its revenue for the quarter rose 24.2% year-over-year to $643.94 million.

Lbp Am Sa reduced its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 78,222 shares of the technology company's stock after selling 6,668 shares during the period. Lbp Am Sa owned approximately 0.07% of PTC worth $13,481,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after purchasing an additional 473 shares during the last quarter. Mather Group LLC. grew its position in PTC by 18.3% during the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company's stock worth $131,000 after purchasing an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in PTC by 20.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after purchasing an additional 2,285 shares during the last quarter. M&T Bank Corp grew its position in PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after purchasing an additional 724 shares during the last quarter. Finally, Bright Rock Capital Management LLC purchased a new position in PTC during the 2nd quarter worth $2,154,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Down 0.4%

Shares of NASDAQ PTC opened at $203.02 on Wednesday. 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 52 week low of $133.38 and a 52 week high of $219.69. The firm has a 50-day moving average price of $208.25 and a 200 day moving average price of $180.20. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same quarter last year, the business earned $0.98 earnings per share. The business'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 anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity 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 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 approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler raised their price objective 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. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 20th. BMO Capital Markets raised their target price 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, UBS Group restated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, 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.

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