Empowered Funds LLC Raises Position in PTC Inc. $PTC

Empowered Funds LLC boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 165.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,227 shares of the technology company’s stock after buying an additional 5,128 shares during the period. Empowered Funds LLC’s holdings in PTC were worth $1,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new position in PTC in the 4th quarter worth about $27,000. Palladiem LLC bought a new stake in shares of PTC during the 4th quarter valued at about $28,000. DV Equities LLC bought a new stake in shares of PTC during the 4th quarter valued at about $29,000. Quarry LP grew its holdings in shares of PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after purchasing an additional 94 shares in the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of PTC by 2,725.0% during the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after purchasing an additional 218 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PTC has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets boosted their price target on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price target on shares of PTC in a research note on Thursday, July 30th. Citigroup increased their price target on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Barclays raised their price objective on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.14.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $147.71 on Friday. The firm has a market capitalization of $16.03 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. The business’s 50-day moving average price is $125.94 and its 200-day moving average price is $141.02.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The company had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Sell-side analysts forecast that PTC Inc. will post 6.47 EPS 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.