Torque Asset Management LLC raised its holdings in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,256 shares of the technology company’s stock after purchasing an additional 9,684 shares during the quarter. PTC accounts for approximately 6.2% of Torque Asset Management LLC’s portfolio, making the stock its 9th largest position. Torque Asset Management LLC’s holdings in PTC were worth $17,988,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in shares of PTC during the fourth quarter valued at about $27,000. Palladiem LLC acquired a new stake in shares of PTC in the 4th quarter worth about $28,000. Board of the Pension Protection Fund acquired a new stake in shares of PTC in the 4th quarter worth about $35,000. Rakuten Securities Inc. lifted its position in PTC by 2,725.0% in the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares in the last quarter. Finally, Quarry LP lifted its position in PTC by 86.2% in the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares in the last quarter. 95.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on PTC shares. Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Citigroup raised their target price on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Barclays upped their price target on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings lowered PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.
PTC Price Performance
Shares of NASDAQ PTC opened at $114.85 on Tuesday. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $219.69. The stock’s 50 day moving average price is $139.13 and its 200-day moving average price is $154.57. The company has a market capitalization of $13.27 billion, a PE ratio of 10.96, a PEG ratio of 1.67 and a beta of 0.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30.
PTC (NASDAQ:PTC – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating 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 return on equity of 25.84% and a net margin of 41.81%.PTC’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts anticipate that PTC Inc. will post 6.32 EPS for the current year.
Insider Transactions at PTC
In other 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 completion of the sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is owned by company insiders.
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.
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