California Public Employees Retirement System Sells 50,442 Shares of PTC Inc. $PTC

California Public Employees Retirement System trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 15.6% during the first quarter, Holdings Channel.com reports. The fund owned 272,588 shares of the technology company’s stock after selling 50,442 shares during the quarter. California Public Employees Retirement System’s holdings in PTC were worth $38,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Point Inc. lifted its position in shares of PTC by 3.2% during the fourth quarter. Trust Point Inc. now owns 2,035 shares of the technology company’s stock valued at $355,000 after purchasing an additional 63 shares in the last quarter. Strategic Advisors LLC increased its stake in PTC by 0.9% in the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after buying an additional 65 shares during the last quarter. Allworth Financial LP increased its stake in PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PTC by 12.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock worth $115,000 after buying an additional 75 shares in the last quarter. Finally, Empowered Funds LLC boosted 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 worth $387,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PTC shares. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Mizuho decreased their target price on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Tuesday, May 5th. BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Finally, Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.27.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated 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 transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This trade represents 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 the SEC website. 0.29% of the stock is owned by insiders.

PTC Stock Up 0.4%

Shares of NASDAQ PTC opened at $124.83 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $14.42 billion, a PE ratio of 11.91, a P/E/G ratio of 1.82 and a beta of 0.99. PTC Inc. has a one year low of $108.50 and a one year high of $219.69. The business’s fifty day moving average price is $129.35 and its 200-day moving average price is $144.73.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping 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 company had revenue of $774.30 million during the quarter, compared to analyst estimates of $712.40 million. During the same quarter last year, the firm posted $1.79 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that PTC Inc. will post 6.35 EPS 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.