Pacer Advisors Inc. Has $60.57 Million Position in PTC Inc. $PTC

Pacer Advisors Inc. boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 243.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,112 shares of the technology company’s stock after acquiring an additional 301,471 shares during the period. Pacer Advisors Inc.’s holdings in PTC were worth $60,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Norges Bank acquired a new stake in PTC in the fourth quarter valued at about $295,399,000. Tensor Edge Capital LLC bought a new position in PTC in the fourth quarter valued at about $26,132,000. Forsta AP Fonden raised its stake in PTC by 62.2% during the fourth quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock worth $7,543,000 after acquiring an additional 16,600 shares in the last quarter. M&T Bank Corp raised its stake in PTC by 260.8% during the fourth quarter. M&T Bank Corp now owns 14,304 shares of the technology company’s stock worth $2,492,000 after acquiring an additional 10,339 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in shares of PTC by 5.7% in the fourth quarter. Peregrine Capital Management LLC now owns 87,448 shares of the technology company’s stock worth $15,234,000 after acquiring an additional 4,719 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 816 shares of the 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 directly owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PTC. Stifel Nicolaus decreased their price target on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. BMO Capital Markets upped their price target on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. BNP Paribas Exane began coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Piper Sandler lowered their target price on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Seven 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. Based on data from MarketBeat, PTC has an average rating of “Hold” and an average target price of $170.14.

PTC Trading Up 1.9%

PTC opened at $139.85 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.65 and a quick ratio of 1.23. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $218.00. The company’s 50 day moving average price is $125.71 and its two-hundred day moving average price is $141.47. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.01 and a beta of 0.98.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, research analysts predict that PTC Inc. will post 6.35 earnings per share for the current year.

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.