Swedbank AB Has $14.66 Million Holdings in PTC Inc. $PTC

Key Points

• Swedbank AB increased its holdings in PTC Inc. by 26.9% in Q2, owning approximately 85,067 shares worth $14.66 million at the end of the reporting period.
• PTC Inc. reported a quarterly revenue of $643.94 million, exceeding analysts' expectations by over $60 million, with earnings per share of $1.64.
• Several research firms have rated PTC stock as a "Moderate Buy" with a consensus price target of $202.14, indicating positive market sentiment towards the company.

Swedbank AB boosted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 26.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,067 shares of the technology company's stock after acquiring an additional 18,026 shares during the quarter. Swedbank AB owned 0.07% of PTC worth $14,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in PTC by 17.7% during 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 acquiring an additional 3,048,311 shares during the period. Vanguard Group Inc. lifted its stake in PTC by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock valued at $2,220,771,000 after purchasing an additional 39,688 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after buying an additional 844,418 shares during the period. Wellington Management Group LLP lifted its position in shares of PTC by 1.9% during the first quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock valued at $367,382,000 after purchasing an additional 44,961 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of PTC in the first quarter valued at approximately $241,789,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of NASDAQ:PTC traded down $0.24 on Friday, hitting $205.95. The company's stock had a trading volume of 1,638,273 shares, compared to its average volume of 829,985. The stock's 50-day moving average is $207.24 and its two-hundred day moving average is $178.11. 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 Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results 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 return on equity of 17.09% and a net margin of 20.74%.The business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the previous year, the firm earned $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. On average, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a research report on Tuesday, July 29th. KeyCorp reissued an "overweight" rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. 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. Finally, UBS Group restated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

PTC Company 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.