PTC Inc. $PTC Shares Acquired by Andra AP fonden

Andra AP fonden boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 766.4% in the 1st quarter, Holdings Channel reports. The fund owned 50,250 shares of the technology company’s stock after buying an additional 44,450 shares during the period. Andra AP fonden’s holdings in PTC were worth $7,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of PTC. Trust Point Inc. boosted its position in PTC by 3.2% in the 4th quarter. Trust Point Inc. now owns 2,035 shares of the technology company’s stock worth $355,000 after purchasing an additional 63 shares in the last quarter. Strategic Advisors LLC increased its holdings in shares of PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 65 shares in the last quarter. Allworth Financial LP lifted its stake in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after purchasing an additional 74 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after purchasing an additional 75 shares during the period. Finally, Empowered Funds LLC boosted its holdings in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after buying an additional 75 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. 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. Citigroup raised their price objective on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays cut their price objective on PTC from $185.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. 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. Based on data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $171.27.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 816 shares of the business’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 transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $113.11 on Thursday. The business has a 50 day simple moving average of $128.33 and a two-hundred day simple moving average of $143.93. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $219.69. The stock has a market capitalization of $13.07 billion, a P/E ratio of 10.79, a PEG ratio of 1.77 and a beta of 0.99. 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 released 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 business had revenue of $774.30 million during 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 company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. As a group, analysts predict that PTC Inc. will post 6.35 EPS for the current fiscal year.

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.