Fifth Third Bancorp Boosts Position in PTC Inc. $PTC

Fifth Third Bancorp boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 275.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 18,951 shares of the technology company’s stock after purchasing an additional 13,900 shares during the period. Fifth Third Bancorp’s holdings in PTC were worth $2,700,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in PTC in the 4th quarter worth about $27,000. Palladiem LLC bought a new stake in shares of PTC during the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new stake in shares of PTC during the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC purchased a new stake in shares of PTC in the first quarter valued at approximately $36,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after purchasing an additional 218 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTC. Citigroup increased their price objective on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BNP Paribas Exane initiated coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price for the company. Berenberg Bank set a $170.00 target price on PTC in a report on Wednesday, May 27th. 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. Finally, Mizuho cut their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. 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 stock. According to MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $171.27.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the company’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 completion of the sale, the chief accounting officer directly 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

PTC Price Performance

NASDAQ PTC opened at $124.83 on Tuesday. The company has a market cap of $14.42 billion, a PE ratio of 11.91, a P/E/G ratio of 1.82 and a beta of 0.99. The firm’s 50 day moving average price is $129.35 and its 200-day moving average price is $144.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $219.69.

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