Royal Bank of Canada cut its stake in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 12.1% in the first quarter, Holdings Channel reports. The firm owned 142,735 shares of the technology company’s stock after selling 19,561 shares during the quarter. Royal Bank of Canada’s holdings in PTC were worth $20,338,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisors LLC boosted its holdings in PTC by 0.9% during the fourth 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 last quarter. Allworth Financial LP increased its stake in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after acquiring an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after acquiring an additional 75 shares during the period. Empowered Funds LLC raised its position in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the period. Finally, Huntington National Bank boosted its stake in PTC by 14.9% during the 4th quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
Wall Street Analyst Weigh In
PTC has been the subject of several recent analyst reports. Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday. Robert W. Baird set a $198.00 price target on shares of PTC in a report on Thursday, May 7th. BMO Capital Markets boosted 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, Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $170.14.
Insider Transactions at PTC
In other PTC news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value 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 trade represents a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.
PTC Stock Performance
Shares of PTC opened at $139.43 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.23 and a current ratio of 1.03. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64. The firm’s 50 day moving average price is $125.59 and its two-hundred day moving average price is $141.11. The firm has a market cap of $15.13 billion, a P/E ratio of 13.48, a PEG ratio of 2.03 and a beta of 0.98.
PTC (NASDAQ:PTC – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the company earned $1.64 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. 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, analysts forecast that PTC Inc. will post 6.48 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.
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