Lazard Asset Management LLC Has $186.07 Million Holdings in PTC Inc. $PTC

Lazard Asset Management LLC lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,305,846 shares of the technology company’s stock after selling 204,612 shares during the quarter. Lazard Asset Management LLC’s holdings in PTC were worth $186,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after buying an additional 75 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after acquiring an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after purchasing an additional 287 shares during the period. Cerity Partners LLC purchased a new stake in shares of PTC in the second quarter worth approximately $257,000. Finally, Alliancebernstein L.P. lifted its position in shares of PTC by 3.2% in the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after purchasing an additional 4,176 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PTC shares. Barclays lowered their price objective on shares of PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Tuesday, May 5th. BMO Capital Markets set a $155.00 price target on shares of PTC in a report on Friday. Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.00.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the company’s 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 directly owned 1,265 shares in the company, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC opened at $118.52 on Monday. The company has a market capitalization of $13.69 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.73 and a beta of 0.99. The stock’s 50 day moving average price is $127.33 and its 200 day moving average price is $143.14. 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 posted its earnings results 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. The firm had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, 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.