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PTC ANNOUNCES $2 BILLION SHARE REPURCHASE AUTHORIZATION
PTCPTC(PTC) Prnewswire·2024-11-06 21:01

BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that its Board of Directors has authorized the repurchase of up to 2billionworthofPTCcommonstockthroughSeptember30,2027."ThisrepurchaseauthorizationdemonstratestheBoard′sconfidenceinPTC′sabilitytodrivecustomervaluewhileenhancingshareholderreturns,andsupportsPTC′scapitalallocationstrategy,"saidJaniceChaffin,ChairoftheBoard."PTCintendstorepurchaseapproximately2 billion worth of PTC common stock through September 30, 2027."This repurchase authorization demonstrates the Board's confidence in PTC's ability to drive customer value while enhancing shareholder returns, and supports PTC's capital allocation strategy," said Janice Chaffin, Chair of the Board."PTC intends to repurchase approximately 300 million of our common stock in ...