SEB Asset Management AB Purchases New Holdings in PTC Inc. $PTC

SEB Asset Management AB purchased a new position in shares of PTC Inc. (NASDAQ:PTC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,811 shares of the technology company’s stock, valued at approximately $13,937,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after purchasing an additional 76 shares during the period. EverSource Wealth Advisors LLC raised its stake in PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after purchasing an additional 287 shares in the last quarter. Cerity Partners LLC bought a new stake in PTC during the second quarter worth about $257,000. Finally, Alliancebernstein L.P. lifted its position in PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after purchasing an additional 4,176 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PTC shares. BNP Paribas Exane initiated coverage on shares of PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. Citigroup upped their price target on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho reduced their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.27.

PTC Price Performance

PTC stock opened at $124.83 on Tuesday. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50 day simple moving average of $129.35 and a 200 day simple moving average of $144.73. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Research analysts anticipate that PTC Inc. will post 6.35 EPS for the current fiscal year.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 816 shares of the firm’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 sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

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.