Drake & Associates LLC Buys New Position in PTC Inc. $PTC

Drake & Associates LLC purchased a new position in shares of PTC Inc. (NASDAQ:PTC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,647 shares of the technology company’s stock, valued at approximately $1,833,000.

Other hedge funds have also made changes to their positions in the company. Campbell Newman Asset Management Inc. increased its stake in PTC by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock worth $2,466,000 after buying an additional 49 shares during the period. Diversified Trust Co grew its stake in shares of PTC by 2.5% in the third quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock worth $448,000 after acquiring an additional 53 shares in the last quarter. Versant Capital Management Inc increased its position in shares of PTC by 37.6% during the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after acquiring an additional 53 shares during the period. Archford Capital Strategies LLC raised its stake in shares of PTC by 1.4% in the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock valued at $953,000 after acquiring an additional 63 shares in the last quarter. Finally, Bellecapital International Ltd. boosted its holdings in PTC by 4.3% in the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock valued at $276,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the transaction, the executive vice president owned 12,386 shares of the company’s stock, valued at $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 6,328 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,277 shares of company stock valued at $10,624,076 in the last quarter. Insiders own 0.29% of the company’s stock.

PTC Trading Down 4.4%

PTC opened at $155.60 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The business’s 50 day moving average is $168.68 and its two-hundred day moving average is $188.56. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PTC shares. Oppenheimer reduced their price target on PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Robert W. Baird set a $255.00 target price on shares of PTC in a report on Wednesday, October 22nd. Rosenblatt Securities lowered their price target on shares of PTC from $220.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 5th. BMO Capital Markets dropped their price objective 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. Finally, JPMorgan Chase & Co. cut shares of PTC from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $205.00 to $162.00 in a research report on Monday, February 2nd. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average 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.