PTC Inc. $PTC Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 11.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 38,559 shares of the technology company’s stock after selling 4,908 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PTC were worth $5,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PTC. Norges Bank purchased a new stake in PTC in the 4th quarter worth $295,399,000. T. Rowe Price Investment Management Inc. lifted its holdings in PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after purchasing an additional 602,858 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in PTC by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock valued at $499,525,000 after purchasing an additional 529,208 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after purchasing an additional 417,130 shares during the period. Finally, Invesco Ltd. grew its position in shares of PTC by 26.8% in the fourth quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock valued at $297,924,000 after purchasing an additional 361,038 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. KeyCorp lowered their price objective on PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Mizuho cut their price objective on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of PTC in a report on Tuesday, May 5th. Finally, Citigroup raised their target price on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average price target of $171.27.

PTC Stock Down 2.3%

NASDAQ PTC opened at $122.51 on Wednesday. The business’s fifty day simple moving average is $130.89 and its 200-day simple moving average is $146.17. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The firm has a market cap of $14.15 billion, a PE ratio of 11.69, a P/E/G ratio of 1.83 and a beta of 0.99. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $712.40 million. During the same quarter in the prior year, the firm posted $1.79 earnings per share. PTC’s quarterly 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 anticipate that PTC Inc. will post 6.35 earnings per share for the current year.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is owned by insiders.

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.