Investing.com - Financial Markets Worldwide

Ptc inc. cfo Kristian Talvitie sells $2.05 million in stock

Published 03/12/2024, 22:06
Ptc inc. cfo Kristian Talvitie sells $2.05 million in stock
PTC
0.49%

PTC (NASDAQ:PTC) Inc., headquartered in Boston, is a prominent player in the prepackaged software industry, providing technology solutions to various sectors. The company maintains a strong financial health score according to InvestingPro, which offers 14 additional investment tips and a comprehensive Pro Research Report for deeper analysis of this $24 billion technology leader. The company maintains a strong financial health score according to InvestingPro, which offers 14 additional investment tips and a comprehensive Pro Research Report for deeper analysis of this $24 billion technology leader.

PTC Inc., headquartered in Boston, is a prominent player in the prepackaged software industry, providing technology solutions to various sectors. The company maintains a strong financial health score according to InvestingPro, which offers 14 additional investment tips and a comprehensive Pro Research Report for deeper analysis of this $24 billion technology leader.

PTC Inc., headquartered in Boston, is a prominent player in the prepackaged software industry, providing technology solutions to various sectors.

In other recent news, PTC Inc. has reported significant growth in its fiscal year 2024, with a 25% increase in free cash flow to $736 million and a 12% rise in constant currency Annual Recurring Revenue (ARR), reaching $2.207 billion. The company has also announced a $2 billion share repurchase authorization. In a strategic move, PTC has partnered with Microsoft (NASDAQ:MSFT) and Volkswagen (ETR:VOWG_p) Group to introduce a generative artificial intelligence tool, Codebeamer Copilot, aimed at enhancing the software development process in manufacturing. This collaboration is expected to streamline software engineering tasks within the development of physical products. In addition to these developments, PTC's board member Janesh Moorjani has tendered his resignation, effective November 29, 2024, due to personal reasons. For fiscal 2025, PTC projects a 9% to 10% ARR growth and free cash flow between $835 million and $850 million. These recent developments indicate a period of transition and growth for PTC Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.