BNP Paribas Financial Markets Trims Holdings in PTC Inc. $PTC

BNP Paribas Financial Markets lowered its stake in shares of PTC Inc. (NASDAQ:PTC) by 27.5% in the fourth quarter, HoldingsChannel reports. The fund owned 181,537 shares of the technology company’s stock after selling 68,741 shares during the quarter. BNP Paribas Financial Markets’ holdings in PTC were worth $31,626,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of PTC by 8.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 90,828 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 6,724 shares during the period. Nordea Investment Management AB grew its holdings in shares of PTC by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock worth $47,136,000 after purchasing an additional 55,485 shares during the period. Dakota Wealth Management grew its holdings in shares of PTC by 31.2% during the 3rd quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock worth $7,913,000 after purchasing an additional 9,279 shares during the period. Norges Bank acquired a new stake in shares of PTC in the fourth quarter valued at about $295,399,000. Finally, Congress Asset Management Co. boosted its holdings in PTC by 11.6% in the 4th quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock worth $28,485,000 after acquiring an additional 17,020 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

PTC opened at $138.79 on Friday. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. PTC Inc. has a 1-year low of $130.89 and a 1-year high of $219.69. The business has a 50 day moving average price of $141.14 and a two-hundred day moving average price of $156.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23.

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

Insider Activity at PTC

In other PTC 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 transaction of $118,989.12. Following the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PTC shares. Mizuho decreased their price target on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Barclays increased their target price on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup increased their price target on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada dropped their price target on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Finally, Wall Street Zen raised PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.71.

About PTC

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.