4,840 Shares in PTC Inc. $PTC Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the first quarter, Holdings Channel reports. The fund bought 4,840 shares of the technology company’s stock, valued at approximately $690,000.

Other hedge funds have also made changes to their positions in the company. Arcus Capital Partners LLC raised its position in shares of PTC by 4.5% during the 1st quarter. Arcus Capital Partners LLC now owns 4,674 shares of the technology company’s stock valued at $666,000 after buying an additional 201 shares during the period. Assetmark Inc. grew its position in PTC by 74.3% in the first quarter. Assetmark Inc. now owns 697 shares of the technology company’s stock worth $99,000 after acquiring an additional 297 shares during the period. SteelPeak Wealth LLC grew its position in PTC by 83.9% in the first quarter. SteelPeak Wealth LLC now owns 6,553 shares of the technology company’s stock worth $934,000 after acquiring an additional 2,989 shares during the period. Allspring Global Investments Holdings LLC increased its stake in PTC by 8.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,950 shares of the technology company’s stock worth $848,000 after acquiring an additional 457 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in PTC by 9.6% during the first quarter. Wealthfront Advisers LLC now owns 4,660 shares of the technology company’s stock worth $664,000 after acquiring an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Down 2.3%

NASDAQ:PTC opened at $124.37 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $129.78 and its two-hundred day moving average is $145.30. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. The business had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Research analysts anticipate that PTC Inc. will post 6.35 EPS for the current year.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PTC shares. Mizuho decreased their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Berenberg Bank set a $170.00 price objective on PTC in a research report on Wednesday, May 27th. Barclays reduced their price objective on shares of PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. 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 report on Friday, May 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set 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, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $171.27.

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.