PTC (NASDAQ:PTC) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of PTC Inc. NASDAQ: PTC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in PTC stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

PTC Price Performance

PTC stock traded down $1.80 during trading hours on Friday, hitting $162.94. 481,403 shares of the stock traded hands, compared to its average volume of 872,548. The stock has a 50-day simple moving average of $153.52 and a 200 day simple moving average of $174.60. The company has a market cap of $19.54 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter last year, the firm posted $1.46 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PTC. Stifel Nicolaus reduced their price objective on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets increased their price target on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Oppenheimer cut their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $187.15.

Institutional Trading of PTC

Several hedge funds and other institutional investors have recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC during the 1st quarter valued at about $26,000. Motco acquired a new stake in PTC in the first quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd bought a new stake in PTC in the fourth quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PTC during the 1st quarter worth $33,000. Finally, Allworth Financial LP lifted its stake in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.

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