Havemeyer Place LP Takes Position in PTC Inc. $PTC

Havemeyer Place LP bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,108 shares of the technology company’s stock, valued at approximately $2,980,000. PTC accounts for about 0.6% of Havemeyer Place LP’s holdings, making the stock its 22nd largest holding.

Other hedge funds have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of PTC during the fourth quarter valued at approximately $27,000. Board of the Pension Protection Fund purchased a new position in shares of PTC during the fourth quarter valued at approximately $35,000. Rakuten Securities Inc. increased its stake in shares of PTC by 2,725.0% during the fourth 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 period. Quarry LP increased its stake in shares of PTC by 86.2% during the third 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 period. Finally, Geneos Wealth Management Inc. grew its stake in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after purchasing an additional 76 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Trading Down 1.3%

PTC stock opened at $137.00 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $141.01 and its two-hundred day simple moving average is $156.64. PTC Inc. has a 12 month low of $130.89 and a 12 month high of $219.69. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97.

PTC (NASDAQ:PTC) last released 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 return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same period in the previous year, the company posted $1.79 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that PTC Inc. will post 6.3 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 675 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the sale, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PTC shares. Barclays upped their price target on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Wall Street Zen raised PTC from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Mizuho reduced their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of PTC in a research note on Tuesday, May 5th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average target price of $176.71.

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.