Groupama Asset Managment Makes New $1.07 Million Investment in PTC Inc. $PTC

Groupama Asset Managment bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,909 shares of the technology company’s stock, valued at approximately $1,070,000.

Several other hedge funds also recently bought and sold shares of the stock. Brooklyn Investment Group boosted its stake in PTC by 15.5% during the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock worth $68,000 after buying an additional 59 shares during the period. Wahed Invest LLC boosted its stake in shares of PTC by 2.1% in the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock valued at $539,000 after purchasing an additional 61 shares during the period. D.A. Davidson & CO. boosted its stake in shares of PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after purchasing an additional 70 shares during the period. American Century Companies Inc. boosted its stake in shares of PTC by 3.3% in the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after purchasing an additional 73 shares during the period. Finally, Portside Wealth Group LLC boosted its stake in shares of PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock valued at $514,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Up 0.5%

Shares of NASDAQ:PTC opened at $210.89 on Thursday. The firm’s 50 day moving average price is $191.69 and its 200 day moving average price is $171.69. The stock has a market cap of $25.26 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.42. The firm 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 revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value 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 trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on PTC shares. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. KeyCorp reissued an “overweight” rating and issued a $245.00 price objective (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. BMO Capital Markets raised their price objective on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $202.14.

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.