Rivulet Capital LLC Has $36.78 Million Position in PTC Inc. $PTC

Rivulet Capital LLC trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,100 shares of the technology company’s stock after selling 64,850 shares during the period. PTC comprises approximately 40.3% of Rivulet Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Rivulet Capital LLC’s holdings in PTC were worth $36,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after purchasing an additional 312,000 shares during the period. Geode Capital Management LLC boosted its stake in PTC by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after purchasing an additional 71,181 shares during the period. Norges Bank acquired a new position in PTC in the 4th quarter worth approximately $295,399,000. Standard Investments LLC boosted its stake in PTC by 10.4% in the 3rd quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock worth $321,990,000 after purchasing an additional 150,000 shares during the period. Finally, Northern Trust Corp boosted its stake in PTC by 2.6% in the 3rd quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock worth $280,145,000 after purchasing an additional 34,663 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by insiders.

PTC Stock Up 1.0%

PTC stock opened at $114.85 on Tuesday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.67 and a beta of 0.97. The company has a 50 day moving average of $139.13 and a two-hundred day moving average of $154.57.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The company had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 EPS. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. On average, equities analysts anticipate that PTC Inc. will post 6.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price objective on shares of PTC in a research note on Tuesday, May 5th. Berenberg Bank set a $170.00 price objective on shares of PTC in a research note on Wednesday, May 27th. Citigroup raised their price objective on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. KeyCorp decreased their price objective on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Finally, Barclays raised their price objective on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.