North Star Asset Management Inc. Boosts Stake in PTC Inc. $PTC

North Star Asset Management Inc. raised its position in PTC Inc. (NASDAQ:PTC) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,978 shares of the technology company’s stock after buying an additional 5,040 shares during the period. PTC makes up about 1.1% of North Star Asset Management Inc.’s holdings, making the stock its 27th biggest holding. North Star Asset Management Inc. owned approximately 0.14% of PTC worth $28,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in PTC in the 3rd quarter valued at about $30,000. Elyxium Wealth LLC purchased a new position in PTC in the 4th quarter valued at about $27,000. Board of the Pension Protection Fund purchased a new position in PTC in the 4th quarter valued at about $35,000. Quarry LP boosted its position in PTC by 86.2% in the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after buying an additional 94 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in PTC by 2,725.0% in the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after buying an additional 218 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PTC shares. Royal Bank Of Canada decreased their price objective on shares of PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut shares of PTC from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $205.00 to $162.00 in a research report on Monday, February 2nd. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup upped their target price on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of PTC in a research note on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $177.23.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 675 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the sale, the director owned 8,429 shares in the company, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the sale, the chief accounting officer owned 1,265 shares in the company, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $148.23 on Friday. The firm has a market cap of $17.12 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. The firm’s 50-day simple moving average is $142.88 and its 200-day simple moving average is $159.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current 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 issued its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. The business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 analysts forecast that PTC Inc. will post 6.3 earnings per share for the current fiscal 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.