Stephens Investment Management Group LLC cut its position in PTC Inc. (NASDAQ:PTC – Free Report) by 20.6% during the 1st quarter, HoldingsChannel reports. The firm owned 273,088 shares of the technology company’s stock after selling 70,798 shares during the quarter. Stephens Investment Management Group LLC’s holdings in PTC were worth $38,912,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of PTC in the 4th quarter valued at $27,000. Palladiem LLC acquired a new stake in PTC during the 4th quarter worth $28,000. DV Equities LLC bought a new position in PTC during the fourth quarter worth about $29,000. Board of the Pension Protection Fund acquired a new position in PTC in the fourth quarter valued at about $35,000. Finally, Quarry LP grew its stake in PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.
Insiders Place Their Bets
In other news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on PTC
PTC Price Performance
PTC stock opened at $124.55 on Friday. The stock has a 50-day moving average price of $132.67 and a two-hundred day moving average price of $148.93. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69. The stock has a market cap of $14.39 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company has a current ratio of 1.23, a quick 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. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period in the previous year, the company posted $1.79 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Equities analysts forecast that PTC Inc. will post 6.35 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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