PTC Inc. $PTC Stock Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in PTC Inc. (NASDAQ:PTC) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,717 shares of the technology company’s stock after selling 26,355 shares during the quarter. Hsbc Holdings PLC owned 0.27% of PTC worth $55,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in PTC by 10.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,281 shares of the technology company’s stock worth $397,000 after purchasing an additional 216 shares during the period. World Investment Advisors acquired a new stake in shares of PTC during the fourth quarter worth $245,000. Corient Private Wealth LLC lifted its position in shares of PTC by 50.2% in the 4th quarter. Corient Private Wealth LLC now owns 11,560 shares of the technology company’s stock worth $2,015,000 after buying an additional 3,863 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of PTC in the 4th quarter worth about $454,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of PTC by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after buying an additional 602,858 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of PTC stock opened at $124.55 on Monday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The business has a 50 day simple moving average of $132.67 and a 200 day simple moving average of $148.75. 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 announced its earnings results 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 return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same quarter in the previous year, the business earned $1.79 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that PTC Inc. will post 6.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PTC shares. Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays lifted their target price on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $198.00 target price on PTC in a report on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $173.60.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

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.