PTC Inc. $PTC Position Lessened by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,223 shares of the technology company’s stock after selling 7,433 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in PTC were worth $8,866,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its holdings in shares of PTC by 95.3% in the 1st quarter. Quantinno Capital Management LP now owns 399,056 shares of the technology company’s stock worth $56,862,000 after acquiring an additional 194,745 shares during the period. Ampersand Capital Group L.P. grew its position in PTC by 3.6% in the 1st quarter. Ampersand Capital Group L.P. now owns 200,498 shares of the technology company’s stock worth $28,569,000 after purchasing an additional 6,943 shares during the last quarter. Delta Global Management LP bought a new position in PTC in the 1st quarter worth about $452,000. Renaissance Technologies LLC increased its stake in shares of PTC by 89.3% in the first quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock valued at $55,443,000 after purchasing an additional 183,600 shares during the period. Finally, Oak Associates Ltd. OH acquired a new stake in shares of PTC in the first quarter valued at approximately $910,000. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Berenberg Bank set a $170.00 price target on PTC in a research note on Wednesday, May 27th. Stifel Nicolaus lowered their target price on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane began coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Finally, Barclays raised their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.14.

PTC Trading Up 1.3%

Shares of NASDAQ PTC opened at $141.68 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 2.04 and a beta of 0.98. The business has a fifty day simple moving average of $125.64 and a 200-day simple moving average of $141.30.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter last year, the business posted $1.64 EPS. PTC’s revenue was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Sell-side analysts predict that PTC Inc. will post 6.35 EPS for the current year.

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.