BI Asset Management Fondsmaeglerselskab A S Cuts Stake in PTC Inc. $PTC

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in PTC Inc. by 18.0% in the first quarter, resulting in ownership of 5,358 shares valued at approximately $830,000.
• PTC's stock recently traded at $215.05, with a 12-month high of $219.69 and a PE ratio of 50.72, reflecting a significant valuation for the technology company.
• PTC reported earnings of $1.64 per share for its latest quarter, exceeding analyst expectations by $0.42, and projected an EPS of 6.630-7.030 for FY 2025.

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,358 shares of the technology company's stock after selling 1,174 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in PTC were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of PTC by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 492,967 shares of the technology company's stock worth $90,643,000 after acquiring an additional 18,476 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of PTC by 63.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 22,412 shares of the technology company's stock worth $4,121,000 after acquiring an additional 8,671 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of PTC by 12.9% in the 4th quarter. Hsbc Holdings PLC now owns 279,426 shares of the technology company's stock worth $51,355,000 after acquiring an additional 31,978 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of PTC by 4.9% in the 4th quarter. MGO One Seven LLC now owns 4,114 shares of the technology company's stock worth $756,000 after acquiring an additional 192 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of PTC by 10.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 77,200 shares of the technology company's stock worth $14,195,000 after acquiring an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Up 2.1%

NASDAQ:PTC traded up $4.39 on Wednesday, reaching $216.97. 338,693 shares of the stock traded hands, compared to its average volume of 1,058,777. The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.28 and a beta of 1.17. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The company's fifty day simple moving average is $195.16 and its 200 day simple moving average is $172.48.

PTC (NASDAQ:PTC - Get Free Report) last issued 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. The company had revenue of $643.94 million for 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 firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company posted $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 analysts predict 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 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 transaction of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares of the company's stock, 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 through the SEC website. Company insiders own 0.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PTC. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. UBS Group reiterated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. BMO Capital Markets upped their price target on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Oppenheimer upped their price target on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price target on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average target price 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.