PTC Inc. $PTC Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in PTC Inc. by 9.1%, selling nearly 10,000 shares, leaving it with approximately 0.08% ownership valued at $17.16 million.
• PTC's latest earnings report showed an EPS of $1.64, exceeding estimates by $0.42, with revenue rising by 24.2% year-over-year to $643.94 million.
• Analysts generally rate PTC as a "Moderate Buy", with price targets ranging from $120 to $240, reflecting a positive outlook for the company's stock.

Allianz Asset Management GmbH cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,569 shares of the technology company's stock after selling 9,997 shares during the quarter. Allianz Asset Management GmbH owned about 0.08% of PTC worth $17,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new position in PTC during the first quarter worth about $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, SVB Wealth LLC purchased a new position in PTC during the first quarter worth about $41,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company'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 sale, the executive vice president directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PTC has been the topic of a number of analyst reports. Oppenheimer lifted their target price on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note 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 note on Tuesday, July 29th. UBS Group reaffirmed a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 20th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.14.

PTC Price Performance

PTC stock opened at $205.87 on Tuesday. The company's 50 day simple moving average is $206.82 and its 200-day simple moving average is $184.80. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 48.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.14. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results 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. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. During the same period in the previous year, the firm earned $0.98 EPS. The business's 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, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

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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