Resona Asset Management Co. Ltd. Purchases 6,879 Shares of PTC Inc. $PTC

Resona Asset Management Co. Ltd. increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,775 shares of the technology company’s stock after buying an additional 6,879 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in PTC were worth $7,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in PTC in the fourth quarter valued at about $27,000. Palladiem LLC acquired a new stake in shares of PTC during the fourth quarter worth about $28,000. DV Equities LLC bought a new position in shares of PTC during the 4th quarter valued at about $29,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the 4th quarter valued at about $35,000. Finally, Rakuten Securities Inc. grew its position in shares of 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 purchasing an additional 218 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the company’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 directly owned 1,265 shares in the company, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on PTC. Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Barclays lifted their price target on shares of PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. BNP Paribas Exane began coverage on shares of PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, KeyCorp cut their price objective on shares of PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.60.

PTC Stock Performance

Shares of PTC traded up $0.95 during mid-day trading on Friday, reaching $124.74. The company’s stock had a trading volume of 1,130,615 shares, compared to its average volume of 2,117,910. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $219.69. The stock has a market cap of $14.41 billion, a P/E ratio of 11.90, a PEG ratio of 1.82 and a beta of 0.99. The business has a 50-day simple moving average of $131.41 and a two-hundred day simple moving average of $147.13. 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 posted its 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. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period in the previous year, the firm earned $1.79 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. 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, equities research analysts anticipate that PTC Inc. will post 6.35 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.