Flputnam Investment Management Co. Raises Stock Position in PTC Inc. $PTC

Flputnam Investment Management Co. lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 81,865 shares of the technology company’s stock after buying an additional 4,874 shares during the quarter. Flputnam Investment Management Co.’s holdings in PTC were worth $14,262,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in shares of PTC by 4.1% during the third quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock worth $1,135,622,000 after acquiring an additional 221,349 shares during the period. Standard Investments LLC increased its position in shares of PTC by 10.4% during the third quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock worth $321,990,000 after acquiring an additional 150,000 shares during the period. Northern Trust Corp increased its position in shares of PTC by 2.6% during the third quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock worth $280,145,000 after acquiring an additional 34,663 shares during the period. Select Equity Group L.P. increased its position in shares of PTC by 26.7% during the second quarter. Select Equity Group L.P. now owns 775,077 shares of the technology company’s stock worth $133,577,000 after acquiring an additional 163,152 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of PTC by 96.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company’s stock worth $123,576,000 after acquiring an additional 347,414 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $144.88 on Wednesday. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.18 and a beta of 0.98. The company’s 50 day moving average is $142.48 and its 200 day moving average is $158.55. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. PTC Inc. has a 52-week low of $130.89 and a 52-week high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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. The company had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s revenue was up 21.7% compared to the same quarter last year. During the same period last year, the company 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. On average, sell-side analysts anticipate that PTC Inc. will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of PTC 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 of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PTC shares. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays upped their price target on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citigroup lifted their price objective on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Robert W. Baird set a $198.00 price objective on shares of PTC in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.23.

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.