Geode Capital Management LLC Has $619.90 Million Stake in PTC Inc. $PTC

Geode Capital Management LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,570,540 shares of the technology company’s stock after purchasing an additional 71,181 shares during the period. Geode Capital Management LLC’s holdings in PTC were worth $619,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in PTC in the fourth quarter valued at $27,000. Board of the Pension Protection Fund bought a new stake in PTC during the fourth quarter valued at $35,000. Rakuten Securities Inc. boosted its position in PTC by 2,725.0% during the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares during the last quarter. Quarry LP boosted its position in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in PTC by 34.4% during the first 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 during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. BMO Capital Markets cut their price target on shares of PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Robert W. Baird set a $198.00 price target on shares of PTC in a research report on Thursday, May 7th. Finally, Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average price target of $176.71.

PTC Price Performance

PTC stock opened at $138.73 on Friday. The stock has a market capitalization of $16.02 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.98. The company’s 50-day moving average is $141.67 and its 200-day moving average is $157.93. 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.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The company had revenue of $774.30 million for 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 business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 EPS. 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 research analysts expect that PTC Inc. will post 6.3 EPS for the current fiscal year.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Corinna Lathan sold 675 shares of the 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 transaction, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

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.