Candelo Capital Management LP Sells 24,306 Shares of PTC Inc. $PTC

Candelo Capital Management LP trimmed its position in PTC Inc. (NASDAQ:PTC) by 55.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,194 shares of the technology company’s stock after selling 24,306 shares during the period. PTC makes up 3.4% of Candelo Capital Management LP’s portfolio, making the stock its 17th biggest holding. Candelo Capital Management LP’s holdings in PTC were worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of PTC. Root Financial Partners LLC bought a new position in PTC during the third quarter worth about $30,000. SJS Investment Consulting Inc. increased its holdings in PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 158 shares during the period. Versant Capital Management Inc increased its stake in PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in PTC during the 2nd quarter worth approximately $53,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the transaction, the executive vice president directly owned 22,221 shares in the company, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

PTC Stock Performance

NASDAQ PTC opened at $155.89 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a fifty day moving average of $160.67 and a 200-day moving average of $180.53. The company has a market capitalization of $18.55 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.33. PTC had a return on equity of 24.63% and a net margin of 28.86%.The business had revenue of $685.83 million for the quarter, compared to analysts’ expectations of $635.44 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. As a group, equities research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. BMO Capital Markets cut their price objective on shares of PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. KeyCorp set a $210.00 target price on shares of PTC in a research note on Thursday, February 5th. Weiss Ratings cut PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Rosenblatt Securities dropped their price target on PTC from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus target price of $188.08.

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.