PTC Inc. $PTC Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in PTC Inc. (NASDAQ:PTC) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,505,930 shares of the technology company’s stock after acquiring an additional 529,208 shares during the period. Pictet Asset Management Holding SA owned approximately 2.95% of PTC worth $499,525,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aaron Wealth Advisors LLC lifted its holdings in shares of PTC by 17.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,936 shares of the technology company’s stock valued at $418,000 after acquiring an additional 443 shares in the last quarter. Meyer Handelman Co. acquired a new stake in PTC in the 1st quarter valued at $6,917,000. Louisiana State Employees Retirement System acquired a new stake in PTC in the 1st quarter valued at $869,000. Fifth Third Wealth Advisors LLC raised its position in PTC by 43.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,263 shares of the technology company’s stock valued at $322,000 after purchasing an additional 680 shares during the period. Finally, OP Asset Management Ltd purchased a new position in PTC in the first quarter valued at about $1,971,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Up 2.8%

Shares of PTC stock opened at $115.72 on Friday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $219.69. The company has a market capitalization of $13.37 billion, a PE ratio of 11.04, a P/E/G ratio of 1.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average of $134.74 and a 200-day moving average of $150.90.

PTC (NASDAQ:PTC) last released its quarterly 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. The business had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. 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 forecast that PTC Inc. will post 6.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the subject of several analyst reports. Barclays upped their target price on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Berenberg Bank set a $170.00 target price on PTC in a report on Wednesday, May 27th. BNP Paribas Exane started coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. KeyCorp decreased their price target on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Finally, Citigroup increased their price objective on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

PTC 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.