PTC Inc. $PTC Shares Sold by Swedbank AB

Swedbank AB cut its holdings in PTC Inc. (NASDAQ:PTC) by 30.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 60,301 shares of the technology company’s stock after selling 26,213 shares during the quarter. Swedbank AB’s holdings in PTC were worth $8,592,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in PTC during the 4th quarter valued at about $295,399,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after purchasing an additional 602,858 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of PTC by 17.8% in the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock valued at $499,525,000 after purchasing an additional 529,208 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after purchasing an additional 417,130 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of PTC by 26.8% during the 4th quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock worth $297,924,000 after purchasing an additional 361,038 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 0.8%

Shares of PTC traded up $0.95 on Friday, hitting $124.74. 1,130,615 shares of the stock traded hands, compared to its average volume of 2,117,910. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69. The stock’s 50 day moving average is $131.41 and its two-hundred day moving average is $147.13. The firm has a market capitalization of $14.41 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.81 and a beta of 0.99. The company has a quick ratio of 1.23, a current 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 EPS for the quarter, topping the consensus estimate of $2.06 by $0.63. The firm had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, sell-side analysts predict that PTC Inc. will post 6.35 earnings per share for the current year.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 816 shares of PTC 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 owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Tuesday, May 5th. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays boosted their price target on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their price objective on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho decreased their price objective on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.

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.