1,695,651 Shares in PTC Inc. $PTC Bought by Norges Bank

Norges Bank purchased a new position in shares of PTC Inc. (NASDAQ:PTC) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,695,651 shares of the technology company’s stock, valued at approximately $295,399,000.

Several other hedge funds have also recently modified their holdings of PTC. Skandinaviska Enskilda Banken AB publ boosted its position in shares of PTC by 8.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 90,828 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 6,724 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of PTC by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock worth $47,136,000 after purchasing an additional 55,485 shares in the last quarter. Dakota Wealth Management boosted its position in shares of PTC by 31.2% during the 3rd quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock worth $7,913,000 after purchasing an additional 9,279 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of PTC by 11.6% during the 4th quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock worth $28,485,000 after purchasing an additional 17,020 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of PTC during the 3rd quarter worth $3,203,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PTC shares. Barclays boosted their target price on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citigroup boosted their target price on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. KeyCorp decreased their target price on shares of PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.71.

PTC Trading Down 1.9%

NASDAQ:PTC opened at $142.34 on Wednesday. The company has a market capitalization of $16.44 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. 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 $130.89 and a 52-week high of $219.69. The stock has a fifty day simple moving average of $141.56 and a 200-day simple moving average of $157.56.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.63. The business had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 EPS. 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, equities research analysts expect that PTC Inc. will post 6.3 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director owned 8,429 shares of the company’s stock, valued at $1,325,375.96. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Alice Christenson sold 816 shares of PTC 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 transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This trade represents a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.