PTC Inc. $PTC Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 9.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,385 shares of the technology company’s stock after selling 661 shares during the period. Generali Asset Management SPA SGR’s holdings in PTC were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group increased its holdings in PTC by 15.5% in the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock valued at $68,000 after purchasing an additional 59 shares during the last quarter. D.A. Davidson & CO. increased its holdings in PTC by 1.9% in the 1st 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 last quarter. American Century Companies Inc. increased its holdings in PTC by 3.3% in the 1st 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 last quarter. Ballentine Partners LLC increased its holdings in PTC by 0.9% in the 2nd quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock valued at $1,476,000 after purchasing an additional 73 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds 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 PTC 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 directly owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

PTC stock opened at $202.86 on Friday. The stock has a market cap of $24.30 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The company has a fifty day simple moving average of $206.77 and a 200-day simple moving average of $183.91. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. 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 quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million during 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 company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Equities analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PTC. Royal Bank Of Canada lifted their target price on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Finally, KeyCorp reissued an “overweight” rating and issued a $245.00 price target (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.