Lombard Odier Asset Management Europe Ltd trimmed its position in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 82.9% during the first quarter, HoldingsChannel reports. The firm owned 11,266 shares of the technology company’s stock after selling 54,482 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in PTC were worth $1,605,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in PTC. Strategic Advisors LLC raised its stake in PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after buying an additional 65 shares during the period. Allworth Financial LP increased its holdings in shares of PTC by 23.2% in the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock worth $68,000 after acquiring an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PTC by 12.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock worth $115,000 after acquiring an additional 75 shares in the last quarter. Empowered Funds LLC raised its position in shares of 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 purchasing an additional 75 shares during the period. Finally, Huntington National Bank raised its position in shares of PTC by 14.9% during the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on PTC shares. Weiss Ratings lowered PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Citigroup lifted their price target on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets upped their price target on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.14.
Insider Buying and Selling at PTC
In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.
PTC Stock Up 1.9%
PTC stock opened at $139.85 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.65 and a quick ratio of 1.23. The stock has a market capitalization of $16.15 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.01 and a beta of 0.98. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $218.00. The business has a 50-day moving average of $125.71 and a 200-day moving average of $141.47.
PTC (NASDAQ:PTC – Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, sell-side analysts anticipate that PTC Inc. will post 6.35 earnings per share 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.
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