Citigroup Inc. Cuts Stock Position in PTC Inc. $PTC

Citigroup Inc. trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 57.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,680 shares of the technology company’s stock after selling 116,707 shares during the quarter. Citigroup Inc. owned 0.07% of PTC worth $17,598,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of PTC during the third quarter worth about $30,000. SJS Investment Consulting Inc. lifted its holdings in PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after buying an additional 158 shares in the last quarter. Versant Capital Management Inc boosted its position in PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after buying an additional 53 shares during the period. Assetmark Inc. grew its stake in shares of PTC by 339.3% in the second quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after acquiring an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered PTC from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $205.00 to $162.00 in a report on Monday, February 2nd. KeyCorp set a $210.00 price target on PTC in a research report on Thursday, February 5th. Weiss Ratings cut PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Oppenheimer cut their target price on shares of PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Rosenblatt Securities decreased their price target on shares of PTC from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.08.

Insider Buying and Selling at PTC

In related news, EVP Kristian Talvitie sold 50,291 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at $2,144,512.04. This represents a 80.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the transaction, the executive vice president owned 22,461 shares in the company, valued at $3,925,958.19. This represents a 21.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,517 shares of company stock valued at $10,662,740 in the last 90 days. 0.29% of the stock is currently owned by insiders.

PTC Stock Performance

Shares of PTC opened at $156.59 on Friday. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $163.62 and a 200 day moving average price of $184.16.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $635.44 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal 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.