Bank of New York Mellon Corp Trims Holdings in PTC Inc. $PTC

Bank of New York Mellon Corp decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 682,594 shares of the technology company’s stock after selling 11,034 shares during the period. Bank of New York Mellon Corp’s holdings in PTC were worth $118,915,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PTC. Elyxium Wealth LLC purchased a new position in PTC during the 4th quarter valued at about $27,000. Board of the Pension Protection Fund purchased a new stake in shares of PTC in the fourth quarter worth about $35,000. Rakuten Securities Inc. boosted its position 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 valued at $39,000 after acquiring an additional 218 shares during the period. Quarry LP boosted its position in shares of PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

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

PTC Price Performance

PTC stock opened at $137.00 on Monday. 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 Inc. has a one year low of $130.89 and a one year high of $219.69. The stock has a market cap of $15.82 billion, a PE ratio of 13.07, a P/E/G ratio of 2.02 and a beta of 0.97. The firm has a 50 day simple moving average of $141.01 and a two-hundred day simple moving average of $156.51.

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

Analysts Set New Price Targets

PTC has been the topic of several recent analyst reports. Barclays increased their target price on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. KeyCorp reduced their price target on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Berenberg Bank set a $170.00 price target on shares of PTC in a report on Wednesday, May 27th. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Ten 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.71.

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.