PTC Inc. $PTC Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its holdings in shares of PTC Inc. (NASDAQ:PTC) by 57.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 86,680 shares of the technology company’s stock after selling 116,707 shares during the period. Citigroup Inc.’s holdings in PTC were worth $17,598,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PTC. Vanguard Group Inc. increased its position in PTC by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after acquiring an additional 416,791 shares during the period. State Street Corp grew its stake in shares of PTC by 4.0% in the 2nd quarter. State Street Corp now owns 5,372,296 shares of the technology company’s stock valued at $925,861,000 after purchasing an additional 205,029 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of PTC by 8.4% in the second quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock valued at $586,438,000 after purchasing an additional 265,558 shares during the period. Lazard Asset Management LLC increased its holdings in shares of PTC by 31.4% in the second quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock valued at $266,715,000 after purchasing an additional 370,097 shares during the period. Finally, Norges Bank purchased a new stake in shares of PTC during the second quarter worth approximately $155,673,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 0.4%

Shares of PTC stock opened at $156.59 on Friday. The company has a 50-day moving average of $163.62 and a two-hundred day moving average of $184.16. 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 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a market cap of $18.63 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The business had revenue of $685.83 million for the quarter, compared to analysts’ expectations of $635.44 million. PTC had a return on equity of 24.63% and a net margin of 28.86%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares of the company’s stock, valued at $2,144,512.04. The trade was a 80.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares in the company, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 61,517 shares of company stock valued at $10,662,740. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PTC. Oppenheimer lowered their price objective on shares of PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. KeyCorp set a $210.00 price target on shares of PTC in a research note on Thursday, February 5th. Wall Street Zen cut shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings lowered PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Piper Sandler cut their target price on PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $188.08.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.