PTC Inc. $PTC Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in PTC Inc. (NASDAQ:PTC) by 35.9% during the first quarter, Holdings Channel.com reports. The fund owned 25,176 shares of the technology company’s stock after selling 14,104 shares during the period. PNC Financial Services Group Inc.’s holdings in PTC were worth $3,587,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after purchasing an additional 602,858 shares during the period. State Street Corp increased its holdings in PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after purchasing an additional 312,000 shares during the last quarter. Geode Capital Management LLC raised its position in PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after purchasing an additional 71,181 shares during the period. Janus Henderson Group PLC lifted its stake in PTC by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock worth $613,009,000 after purchasing an additional 32,508 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in PTC by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Price Performance

PTC stock opened at $125.21 on Tuesday. 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 Inc. has a 52-week low of $108.50 and a 52-week high of $219.69. The firm has a market cap of $14.46 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The company’s 50 day moving average is $126.95 and its two-hundred day moving average is $142.79.

PTC (NASDAQ:PTC) last posted 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. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. During the same quarter in the previous year, the firm posted $1.79 earnings per share. The company’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, research analysts expect that PTC Inc. will post 6.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Barclays cut their price objective on PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Citigroup raised their target price on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.00.

Insider Transactions at PTC

In related news, 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 transaction of $118,989.12. Following the completion of the transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.29% of the company’s stock.

About PTC

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.