Fernbridge Capital Management LP Sells 961,693 Shares of PTC Inc. $PTC

Fernbridge Capital Management LP cut its holdings in shares of PTC Inc. (NASDAQ:PTC) by 46.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,093,360 shares of the technology company’s stock after selling 961,693 shares during the period. PTC comprises approximately 10.8% of Fernbridge Capital Management LP’s holdings, making the stock its 3rd largest holding. Fernbridge Capital Management LP’s holdings in PTC were worth $221,974,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PTC. Skandinaviska Enskilda Banken AB publ raised its holdings in PTC by 8.0% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 90,828 shares of the technology company’s stock worth $18,444,000 after acquiring an additional 6,724 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in PTC by 13.4% in the second quarter. Daiwa Securities Group Inc. now owns 74,128 shares of the technology company’s stock valued at $12,775,000 after purchasing an additional 8,786 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in shares of PTC by 15.4% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 46,966 shares of the technology company’s stock worth $9,535,000 after purchasing an additional 6,281 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of PTC by 2,075.2% during the 3rd quarter. Nordea Investment Management AB now owns 213,911 shares of the technology company’s stock worth $43,420,000 after purchasing an additional 204,077 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of PTC by 31.2% in the 3rd quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock valued at $7,913,000 after buying an additional 9,279 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $155.89 on Friday. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.57 and a beta of 1.03. The company has a 50-day simple moving average of $160.67 and a 200 day simple moving average of $180.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.33. PTC had a net margin of 28.86% and a return on equity of 24.63%. The firm had revenue of $685.83 million for the quarter, compared to analysts’ expectations of $635.44 million. During the same period in the prior year, the firm earned $1.10 EPS. The business’s revenue was up 21.4% on a year-over-year basis. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the transaction, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of several analyst reports. Citigroup dropped their price target on shares of PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Oppenheimer cut their target price on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Stifel Nicolaus set a $180.00 price target on PTC in a research report on Thursday, February 5th. Wall Street Zen lowered PTC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Royal Bank Of Canada reduced their target price on PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.08.

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.