PTC Inc. $PTC Position Boosted by Allstate Corp

Allstate Corp grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 106.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,725 shares of the technology company’s stock after purchasing an additional 5,006 shares during the period. Allstate Corp’s holdings in PTC were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of PTC during the 4th quarter valued at about $27,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the 4th quarter valued at about $35,000. Quarry LP boosted its position in shares of PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PTC. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BMO Capital Markets decreased their price target on shares of PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Robert W. Baird set a $198.00 price target on shares of PTC in a report on Thursday, May 7th. Mizuho decreased their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. cut shares of PTC from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $205.00 to $162.00 in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.71.

PTC Price Performance

Shares of PTC opened at $138.79 on Friday. The firm has a market cap of $16.03 billion, a PE ratio of 13.24, a PEG ratio of 2.09 and a beta of 0.98. The firm’s 50 day moving average price is $141.90 and its 200 day moving average price is $158.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. PTC Inc. has a twelve month low of $130.89 and a twelve month high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same quarter last year, the firm posted $1.79 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, research analysts expect that PTC Inc. will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

PTC 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.