PTC Inc. $PTC Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in PTC Inc. (NASDAQ:PTC) by 7.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 318,717 shares of the technology company’s stock after selling 26,355 shares during the quarter. Hsbc Holdings PLC’s holdings in PTC were worth $55,535,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in PTC during the fourth quarter worth about $27,000. Palladiem LLC acquired a new stake in PTC in the 4th quarter valued at about $28,000. DV Equities LLC acquired a new stake in PTC in the 4th quarter valued at about $29,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the 4th quarter valued at about $35,000. Finally, Rakuten Securities Inc. boosted its position in shares of PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $124.55 on Monday. PTC Inc. has a one year low of $108.50 and a one year high of $219.69. The firm has a 50-day moving average of $132.67 and a two-hundred day moving average of $148.75. The firm has a market capitalization of $14.39 billion, a PE ratio of 11.88, a P/E/G 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) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same period last year, the firm posted $1.79 earnings per share. The firm’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. On average, analysts forecast that PTC Inc. will post 6.35 earnings per share for the current year.

Insider Buying and Selling at PTC

In related news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PTC. Berenberg Bank set a $170.00 target price on shares of PTC in a report on Wednesday, May 27th. Rosenblatt Securities restated a “buy” rating and set a $190.00 target price on shares of PTC in a report on Tuesday, May 5th. Barclays lifted their price target on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Mizuho dropped their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Finally, Weiss Ratings lowered PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

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.