PTC Inc. $PTC Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in PTC Inc. (NASDAQ:PTC) by 17.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,505,930 shares of the technology company’s stock after acquiring an additional 529,208 shares during the period. Pictet Asset Management Holding SA’s holdings in PTC were worth $499,525,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in PTC by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after purchasing an additional 602,858 shares in the last quarter. State Street Corp raised its stake in PTC by 5.6% during the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after buying an additional 312,000 shares in the last quarter. Geode Capital Management LLC raised its stake in PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in PTC by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock worth $613,009,000 after buying an additional 32,508 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of PTC by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,025,046 shares of the technology company’s stock worth $526,994,000 after acquiring an additional 41,240 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 816 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of PTC in a research note on Tuesday, May 5th. KeyCorp decreased their price objective on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Berenberg Bank set a $170.00 target price on shares of PTC in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

PTC Stock Up 2.8%

NASDAQ:PTC opened at $115.72 on Friday. The firm has a market capitalization of $13.37 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97. The stock has a 50 day moving average of $134.74 and a 200-day moving average of $150.90. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The business had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period 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. Analysts predict that PTC Inc. will post 6.35 EPS for the current year.

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.