PTC Inc. $PTC Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,973 shares of the technology company’s stock after selling 19,621 shares during the quarter. Bank of New York Mellon Corp’s holdings in PTC were worth $94,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of PTC in the fourth quarter valued at about $295,399,000. T. Rowe Price Investment Management Inc. increased its stake in shares of PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after acquiring an additional 602,858 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of PTC by 17.8% during 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 buying an additional 529,208 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after acquiring an additional 417,130 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of PTC by 26.8% in the fourth quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock valued at $297,924,000 after purchasing an additional 361,038 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BNP Paribas Exane initiated coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Citigroup upped their price target on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Mizuho cut their price objective on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Finally, Barclays reduced their price target on shares of PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $171.27.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was 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 $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $124.83 on Tuesday. 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 business has a 50 day moving average price of $129.35 and a two-hundred day moving average price of $144.73. The firm has a market cap of $14.42 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69.

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 firm had revenue of $774.30 million for 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%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts expect that PTC Inc. will post 6.35 earnings per share for the current fiscal year.

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.