CIBC Asset Management Inc Grows Position in PTC Inc. $PTC

CIBC Asset Management Inc raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 69.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,161 shares of the technology company’s stock after acquiring an additional 11,523 shares during the quarter. CIBC Asset Management Inc’s holdings in PTC were worth $4,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its position in PTC by 4.1% during the third quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock valued at $1,135,622,000 after buying an additional 221,349 shares in the last quarter. Geode Capital Management LLC lifted its position in PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares in the last quarter. Norges Bank acquired a new position in PTC during the fourth quarter valued at approximately $295,399,000. Standard Investments LLC lifted its position in PTC by 10.4% during the third quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock valued at $321,990,000 after buying an additional 150,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in PTC by 2.6% during the third quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock valued at $280,145,000 after buying an additional 34,663 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the company’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 completion of the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction dated 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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.

PTC Stock Down 1.3%

PTC stock opened at $137.00 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. PTC Inc. has a 1-year low of $130.89 and a 1-year high of $219.69. The firm has a fifty day moving average price of $141.01 and a two-hundred day moving average price of $156.64. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 2.02 and a beta of 0.97.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.63. The firm had revenue of $774.30 million during the quarter, compared to analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Research analysts predict that PTC Inc. will post 6.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PTC shares. Barclays lifted their price target on shares of PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Citigroup lifted their price target on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Berenberg Bank set a $170.00 target price on shares of PTC in a research report on Wednesday, May 27th. Robert W. Baird set a $198.00 target price on shares of PTC in a research report on Thursday, May 7th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $176.71.

About PTC

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.