Renaissance Technologies LLC Has $55.44 Million Stake in PTC Inc. $PTC

Renaissance Technologies LLC raised its holdings in PTC Inc. (NASDAQ:PTC) by 89.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,100 shares of the technology company’s stock after purchasing an additional 183,600 shares during the quarter. Renaissance Technologies LLC’s holdings in PTC were worth $55,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PTC. Elyxium Wealth LLC bought a new position in shares of PTC in the fourth quarter valued at about $27,000. Palladiem LLC acquired a new position in PTC during the 4th quarter worth about $28,000. DV Equities LLC bought a new stake in PTC during the 4th quarter worth about $29,000. Cedar Mountain Advisors LLC acquired a new stake in PTC in the 1st quarter valued at about $36,000. Finally, Rakuten Securities Inc. increased its position in PTC by 2,725.0% in the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $118.52 on Monday. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69. The firm’s 50-day moving average is $127.33 and its 200-day moving average is $143.14. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $13.69 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share 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 company had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same quarter in the prior year, the business posted $1.79 EPS. The firm’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. Equities analysts expect that PTC Inc. will post 6.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays dropped their target price on shares of PTC from $185.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BMO Capital Markets set a $155.00 price objective on shares of PTC in a research report on Friday. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Finally, Berenberg Bank set a $170.00 price objective on PTC in a research report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $169.00.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

PTC 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.