TD Asset Management Inc Sells 6,632 Shares of PTC Inc. $PTC

TD Asset Management Inc cut its position in shares of PTC Inc. (NASDAQ:PTC) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 495,926 shares of the technology company’s stock after selling 6,632 shares during the quarter. TD Asset Management Inc owned 0.42% of PTC worth $86,395,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of PTC during the fourth quarter worth about $27,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the fourth quarter worth about $35,000. Quarry LP grew its holdings in shares of PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after buying an additional 94 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of PTC by 2,725.0% during the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 816 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director directly owned 8,429 shares of the company’s stock, valued at $1,325,375.96. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PTC shares. BMO Capital Markets decreased their price objective on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Mizuho cut 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. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada cut their price target on shares of PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average target price of $176.71.

PTC Stock Performance

Shares of NASDAQ PTC opened at $138.79 on Friday. The stock has a 50 day moving average price of $141.14 and a 200 day moving average price of $156.77. PTC Inc. has a 52 week low of $130.89 and a 52 week high of $219.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $16.03 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.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 firm posted $1.79 earnings per share. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Analysts predict that PTC Inc. will post 6.3 earnings per share for the current fiscal year.

PTC Company 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.