PTC Inc. $PTC Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 1.6% in the second quarter, Holdings Channel.com reports. The firm owned 6,190 shares of the technology company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in PTC were worth $1,067,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC during the 1st quarter valued at $26,000. Motco acquired a new position in PTC during the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PTC during the 1st quarter worth $33,000. Zions Bancorporation National Association UT acquired a new position in PTC during the 1st quarter worth $39,000. Finally, SVB Wealth LLC acquired a new position in PTC during the 1st quarter worth $41,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent analyst reports. Robert W. Baird set a $255.00 price objective on shares of PTC in a report on Wednesday. Barclays set a $233.00 price objective on shares of PTC in a report on Thursday, July 31st. KeyCorp reissued an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Piper Sandler raised their price target on shares of PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.71.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated 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 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 document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

PTC Trading Up 0.8%

PTC stock opened at $204.67 on Friday. The firm’s 50-day moving average is $206.64 and its 200-day moving average is $185.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The company has a market cap of $24.52 billion, a P/E ratio of 48.27, a PEG ratio of 1.95 and a beta of 1.14.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $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. On average, equities analysts expect 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.