Mirae Asset Global Investments Co. Ltd. Purchases 2,968 Shares of PTC Inc. $PTC

Mirae Asset Global Investments Co. Ltd. raised its position in PTC Inc. (NASDAQ:PTC) by 22.0% in the 2nd quarter, Holdings Channel reports. The firm owned 16,478 shares of the technology company’s stock after buying an additional 2,968 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PTC were worth $2,840,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in shares of PTC by 17.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after purchasing an additional 3,048,311 shares during the period. Nuveen LLC acquired a new stake in shares of PTC during the first quarter worth about $241,789,000. Pictet Asset Management Holding SA raised its position in shares of PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock worth $445,687,000 after purchasing an additional 844,418 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PTC by 27.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock valued at $235,134,000 after acquiring an additional 327,326 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in PTC by 43.2% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,006,901 shares of the technology company’s stock valued at $156,019,000 after acquiring an additional 303,676 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PTC shares. BMO Capital Markets boosted their target price on shares of PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Royal Bank Of Canada boosted their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Oppenheimer raised their price target on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, KeyCorp restated an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average target price of $202.14.

PTC Price Performance

Shares of NASDAQ PTC opened at $202.26 on Wednesday. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The firm has a fifty day simple moving average of $208.24 and a 200 day simple moving average of $181.70. The company has a market capitalization of $24.23 billion, a PE ratio of 47.70, a P/E/G ratio of 1.97 and a beta of 1.14. 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 announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $582.12 million. During the same quarter last year, the firm earned $0.98 earnings per share. PTC’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, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares of the company’s stock, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

PTC 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.