Louisiana State Employees Retirement System purchased a new position in shares of PTC Inc. (NASDAQ:PTC – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,100 shares of the technology company’s stock, valued at approximately $869,000.
A number of other large investors have also added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in shares of PTC in the fourth quarter valued at $27,000. Palladiem LLC bought a new position in shares of PTC in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of PTC during the 4th quarter worth about $29,000. Board of the Pension Protection Fund bought a new stake in shares of PTC during the 4th quarter worth about $35,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares during the period. Institutional investors own 95.14% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on PTC shares. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Barclays boosted their price objective on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price target for the company. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $173.60.
PTC Stock Performance
NASDAQ PTC opened at $124.55 on Monday. The firm has a 50-day moving average price of $132.67 and a two-hundred day moving average price of $148.75. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69. The company has a market capitalization of $14.39 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.82 and a beta of 0.99. 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 announced its earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. During the same period last year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Analysts anticipate that PTC Inc. will post 6.35 earnings per share for the current year.
Insider Transactions at PTC
In related news, CAO Alice Christenson sold 816 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate 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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