PTC Inc. $PTC Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 16.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,165 shares of the technology company’s stock after selling 45,910 shares during the quarter. Candriam S.C.A.’s holdings in PTC were worth $33,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of PTC during the 4th quarter valued at about $27,000. Palladiem LLC acquired a new position in PTC in the 4th quarter worth about $28,000. DV Equities LLC purchased a new position in PTC during the fourth quarter worth approximately $29,000. Board of the Pension Protection Fund purchased a new stake in shares of PTC in the fourth quarter valued at approximately $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of PTC during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp cut their price target on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday, May 27th. Citigroup lifted their price objective on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Finally, Mizuho decreased their target price on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.60.

PTC Price Performance

Shares of NASDAQ:PTC traded up $0.95 during midday trading on Friday, hitting $124.74. The company’s stock had a trading volume of 1,130,615 shares, compared to its average volume of 2,117,910. The business’s 50 day simple moving average is $131.41 and its 200 day simple moving average is $147.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $14.41 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 EPS. 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 forecast that PTC Inc. will post 6.35 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 816 shares of the company’s 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 sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

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.