North Dakota State Investment Board Acquires New Stake in PTC Inc. $PTC

North Dakota State Investment Board purchased a new stake in PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,089 shares of the technology company’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in PTC in the 4th quarter valued at $27,000. Root Financial Partners LLC acquired a new position in shares of PTC during the 3rd quarter worth about $30,000. Board of the Pension Protection Fund acquired a new position in shares of PTC during the 4th quarter worth about $35,000. Rakuten Securities Inc. boosted its holdings 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 worth $39,000 after buying an additional 218 shares during the period. Finally, Quarry LP boosted its holdings in shares of PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after buying an additional 94 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Down 1.4%

Shares of NASDAQ PTC opened at $145.84 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. PTC Inc. has a 52-week low of $130.89 and a 52-week high of $219.69. The firm has a 50 day moving average price of $143.10 and a two-hundred day moving average price of $159.51. The stock has a market cap of $16.85 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. During the same period in the prior year, the company posted $1.79 EPS. The company’s revenue was up 21.7% on a year-over-year basis. 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 6.3 EPS for the current year.

Insider Buying and Selling at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction on Tuesday, May 12th. The shares were 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the sale, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PTC shares. Oppenheimer cut their price objective on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Stifel Nicolaus set a $180.00 price target on shares of PTC in a report on Thursday, February 5th. JPMorgan Chase & Co. downgraded shares of PTC from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $205.00 to $162.00 in a report on Monday, February 2nd. KeyCorp lowered 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, BMO Capital Markets lowered their price target on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average price target of $177.23.

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.