Illinois Municipal Retirement Fund Has $2.67 Million Stock Holdings in PTC Inc. $PTC

Illinois Municipal Retirement Fund trimmed its position in PTC Inc. (NASDAQ:PTC) by 21.9% during the first quarter, Holdings Channel reports. The firm owned 18,738 shares of the technology company’s stock after selling 5,247 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in PTC were worth $2,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its position in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after buying an additional 75 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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 valued at $46,000 after buying an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after buying an additional 287 shares during the last quarter. Cerity Partners LLC bought a new position in shares of PTC during the 2nd quarter worth approximately $257,000. Finally, Alliancebernstein L.P. boosted its stake in shares of PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after acquiring an additional 4,176 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PTC shares. Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Tuesday, May 5th. BNP Paribas Exane started coverage on shares of PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective on the stock. Citigroup increased their price objective on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.27.

PTC Price Performance

Shares of NASDAQ PTC opened at $124.37 on Monday. The firm has a market cap of $14.37 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The business’s 50 day moving average is $129.78 and its 200-day moving average is $145.09. 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 Inc. has a 1-year low of $108.50 and a 1-year high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $712.40 million. During the same period in the previous year, the company posted $1.79 EPS. The firm’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. Equities research analysts predict that PTC Inc. will post 6.35 earnings per share for the current 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.