APG Asset Management N.V. Sells 19,555 Shares of PTC Inc. $PTC

APG Asset Management N.V. lessened its holdings in shares of PTC Inc. (NASDAQ:PTC) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,247 shares of the technology company’s stock after selling 19,555 shares during the quarter. APG Asset Management N.V. owned about 0.14% of PTC worth $24,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PTC by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,324 shares of the technology company’s stock worth $515,000 after purchasing an additional 1,091 shares during the last quarter. Allstate Corp raised its holdings in PTC by 83.3% in the first quarter. Allstate Corp now owns 6,474 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 2,942 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of PTC by 16.3% in the first quarter. Norinchukin Bank The now owns 6,674 shares of the technology company’s stock valued at $1,034,000 after purchasing an additional 936 shares during the period. Wormser Freres Gestion grew its position in shares of PTC by 8.5% during the 1st quarter. Wormser Freres Gestion now owns 52,239 shares of the technology company’s stock valued at $8,114,000 after acquiring an additional 4,093 shares during the period. Finally, Candriam S.C.A. boosted its position in PTC by 0.4% during the first quarter. Candriam S.C.A. now owns 374,978 shares of the technology company’s stock worth $58,103,000 after acquiring an additional 1,410 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly 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 at the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PTC. BMO Capital Markets boosted their target price on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price target on PTC and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Barclays set a $233.00 price objective on PTC in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.14.

PTC Stock Performance

Shares of NASDAQ PTC opened at $215.05 on Monday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a market cap of $25.76 billion, a PE ratio of 50.72, a P/E/G ratio of 2.29 and a beta of 1.17. The stock has a 50 day simple moving average of $193.43 and a 200-day simple moving average of $171.89. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last released its 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 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 earned $0.98 earnings per share. The business’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.

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.