Hsbc Holdings PLC Cuts Holdings in PTC Inc. $PTC

Hsbc Holdings PLC lowered its position in PTC Inc. (NASDAQ:PTC) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,717 shares of the technology company’s stock after selling 26,355 shares during the quarter. Hsbc Holdings PLC’s holdings in PTC were worth $55,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after purchasing an additional 75 shares in the last quarter. Geneos Wealth Management Inc. increased its position in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after purchasing an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in PTC by 68.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after purchasing an additional 287 shares in the last quarter. Cerity Partners LLC purchased a new position in PTC in the second quarter valued at approximately $257,000. Finally, Alliancebernstein L.P. lifted its position in PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after buying an additional 4,176 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. The trade was a 39.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

PTC has been the subject of several research reports. Citigroup boosted their price objective on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $190.00 target price on shares of PTC in a report on Tuesday, May 5th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays upped their price target on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $198.00 price objective on PTC in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average price target of $173.60.

PTC Stock Up 0.2%

NASDAQ PTC opened at $115.00 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69. The business has a 50 day moving average price of $136.43 and a two-hundred day moving average price of $152.49. The stock has a market cap of $13.28 billion, a PE ratio of 10.97, a P/E/G ratio of 1.68 and a beta of 0.97.

PTC (NASDAQ:PTC) last posted its quarterly earnings data 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. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same quarter last year, the firm posted $1.79 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, sell-side analysts predict that PTC Inc. will post 6.32 EPS for the current fiscal year.

PTC Company 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.