Sienna Gestion purchased a new stake in PTC Inc. (NASDAQ:PTC – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,514 shares of the technology company’s stock, valued at approximately $788,000.
Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in PTC in the 4th quarter valued at approximately $27,000. Palladiem LLC bought a new position in PTC in the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in PTC in the 4th quarter valued at approximately $35,000. Rakuten Securities Inc. raised its holdings 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 buying an additional 218 shares during the last quarter. Finally, Quarry LP raised its holdings 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 buying an additional 94 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at PTC
In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the sale, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.
PTC Stock Performance
PTC (NASDAQ:PTC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.63. The company 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%. 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 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. As a group, sell-side analysts anticipate that PTC Inc. will post 6.32 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on PTC shares. Barclays raised their price objective on shares of PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Robert W. Baird set a $198.00 price objective on shares of PTC in a report on Thursday, May 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.71.
Read Our Latest Stock Analysis on PTC
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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