Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires New Holdings in PTC Inc. $PTC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,627 shares of the technology company’s stock, valued at approximately $659,000.

A number of other hedge funds also recently modified their holdings of the business. Elyxium Wealth LLC bought a new stake in shares of PTC in the 4th quarter valued at about $27,000. Palladiem LLC bought a new position in PTC during the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in PTC during the 4th quarter worth approximately $29,000. Board of the Pension Protection Fund acquired a new position in shares of PTC in the 4th quarter worth approximately $35,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of PTC in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PTC shares. Citigroup increased their price objective 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. Mizuho dropped their target price on shares of PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Robert W. Baird set a $198.00 price target on PTC in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $171.27.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

PTC Stock Up 3.0%

Shares of NASDAQ:PTC opened at $127.36 on Friday. The business’s 50 day simple moving average is $130.22 and its two-hundred day simple moving average is $145.45. The firm has a market cap of $14.71 billion, a P/E ratio of 12.15, a PEG ratio of 1.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. 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 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $1.79 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that PTC Inc. will post 6.35 EPS 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.