Voya Investment Management LLC Sells 1,290 Shares of PTC Inc. $PTC

Key Points

• Voya Investment Management LLC reduced its stake in PTC Inc. by 2.2%, selling 1,290 shares and holding a total of 56,184 shares worth approximately $8.71 million.
• Multiple institutional investors increased their positions in PTC, notably T. Rowe Price Investment Management Inc., which raised its holdings by 17.7% and now owns over 20 million shares valued at $3.15 billion.
• PTC reported a strong quarterly earnings performance with $1.64 earnings per share, exceeding analysts' expectations, and had a revenue increase of 24.2% year-over-year.

Voya Investment Management LLC decreased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,184 shares of the technology company's stock after selling 1,290 shares during the period. Voya Investment Management LLC's holdings in PTC were worth $8,706,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its position in PTC by 17.7% during the 1st 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. raised its holdings in PTC by 0.3% in the first quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company's stock worth $2,220,771,000 after buying an additional 39,688 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in PTC by 41.6% in 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 last quarter. Wellington Management Group LLP raised its holdings in PTC by 1.9% in the first quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock worth $367,382,000 after buying an additional 44,961 shares during the last quarter. Finally, Nuveen LLC purchased a new position in PTC in the first quarter worth about $241,789,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $245.00 target price (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Royal Bank Of Canada lifted their target price on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Oppenheimer boosted their price objective on shares of PTC from $225.00 to $240.00 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 given a Hold rating to the company's stock. According to MarketBeat, PTC has an average rating of "Moderate Buy" and a consensus target price of $202.14.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company's 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. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by insiders.

PTC Stock Performance

Shares of NASDAQ PTC opened at $204.95 on Wednesday. The firm has a 50 day moving average of $206.89 and a 200 day moving average of $177.05. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 48.34, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the business posted $0.98 earnings per share. The company'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. On average, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

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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