Royal Bank of Canada Trims Position in PTC Inc. $PTC

Key Points

• Royal Bank of Canada reduced its stake in PTC Inc. by 42.5% in the first quarter, owning 90,960 shares valued at approximately $14.1 million after selling 67,138 shares.
• During the fourth quarter, several institutional investors increased their holdings significantly, with Janus Henderson Group PLC growing its position by an extraordinary 1,753.2%.
• PTC Inc. reported earnings of $1.64 per share, exceeding analyst expectations of $1.22, alongside a revenue increase of 24.2% year-over-year.

Royal Bank of Canada lessened its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 42.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,960 shares of the technology company's stock after selling 67,138 shares during the period. Royal Bank of Canada owned 0.08% of PTC worth $14,094,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PTC. Captrust Financial Advisors grew its holdings in PTC by 96.0% during the 4th quarter. Captrust Financial Advisors now owns 8,011 shares of the technology company's stock worth $1,473,000 after acquiring an additional 3,924 shares in the last quarter. Cetera Investment Advisers grew its holdings in PTC by 6.6% during the 4th quarter. Cetera Investment Advisers now owns 5,794 shares of the technology company's stock worth $1,065,000 after acquiring an additional 358 shares in the last quarter. Focus Partners Wealth bought a new position in PTC during the 4th quarter worth about $227,000. Gotham Asset Management LLC grew its holdings in PTC by 58.4% during the 4th quarter. Gotham Asset Management LLC now owns 6,529 shares of the technology company's stock worth $1,200,000 after acquiring an additional 2,407 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in PTC by 1,753.2% during the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock worth $54,909,000 after acquiring an additional 282,513 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction 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 owned 15,743 shares of the company's stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

PTC Price Performance

NASDAQ:PTC opened at $204.50 on Thursday. 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 firm has a market cap of $24.50 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. The company has a 50 day moving average price of $204.55 and a 200-day moving average price of $175.78. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

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 firm had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same quarter last year, the company earned $0.98 EPS. The firm'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 forecast that PTC Inc. will post 4.46 EPS for the current year.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent analyst reports. Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Royal Bank Of Canada raised 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. UBS Group restated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Finally, Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company 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.

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