Oak Associates Ltd. OH Makes New $910,000 Investment in PTC Inc. $PTC

Oak Associates Ltd. OH acquired a new stake in PTC Inc. (NASDAQ:PTC) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 6,386 shares of the technology company’s stock, valued at approximately $910,000.

Other hedge funds have also recently modified their holdings of the company. Gibbs Wealth Management grew its holdings in shares of PTC by 199.5% in the first quarter. Gibbs Wealth Management now owns 3,675 shares of the technology company’s stock valued at $524,000 after acquiring an additional 2,448 shares in the last quarter. Sei Investments Co. lifted its holdings in PTC by 58.4% during the first quarter. Sei Investments Co. now owns 67,615 shares of the technology company’s stock worth $9,634,000 after acquiring an additional 24,921 shares during the period. Cetera Investment Advisers lifted its holdings in PTC by 21.1% during the first quarter. Cetera Investment Advisers now owns 12,393 shares of the technology company’s stock worth $1,766,000 after acquiring an additional 2,156 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in PTC in the first quarter worth $206,000. Finally, Andra AP fonden boosted its position in PTC by 766.4% in the first quarter. Andra AP fonden now owns 50,250 shares of the technology company’s stock worth $7,160,000 after purchasing an additional 44,450 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.1%

Shares of NASDAQ PTC opened at $113.05 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $13.06 billion, a PE ratio of 10.79, a P/E/G ratio of 1.65 and a beta of 0.99. PTC Inc. has a one year low of $108.50 and a one year high of $219.69. The business’s fifty day moving average price is $127.80 and its 200-day moving average price is $143.53.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping 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 company had revenue of $774.30 million during the quarter, compared to analyst estimates of $712.40 million. During the same quarter last year, the firm posted $1.79 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that PTC Inc. will post 6.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Berenberg Bank set a $170.00 target price on PTC in a research report on Wednesday, May 27th. BNP Paribas Exane began coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Citigroup boosted their target price on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.27.

Insider Buying and Selling at PTC

In related news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction 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 sale, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

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.