Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $659,000 Investment in PTC Inc. $PTC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,627 shares of the technology company’s stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PTC. Norges Bank acquired a new position in PTC during the fourth quarter valued at approximately $295,399,000. T. Rowe Price Investment Management Inc. lifted its position in 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 acquiring an additional 602,858 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in PTC by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares during the period. Voloridge Investment Management LLC increased its holdings in PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after purchasing an additional 417,130 shares in the last quarter. Finally, Invesco Ltd. raised its position in PTC by 26.8% in the 4th quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock valued at $297,924,000 after buying an additional 361,038 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

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 transaction 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 $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

PTC Price Performance

Shares of PTC stock opened at $127.36 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $219.69. The company has a 50-day simple moving average of $130.22 and a two-hundred day simple moving average of $145.45.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts forecast that PTC Inc. will post 6.35 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on PTC. Barclays reduced their target price on shares of PTC from $185.00 to $150.00 and set an “overweight” rating for the company in a report on Monday. Mizuho lowered 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. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Berenberg Bank set a $170.00 price objective on PTC in a research note on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.27.

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.