Meyer Handelman Co. Buys New Stake in PTC Inc. $PTC

Meyer Handelman Co. purchased a new position in shares of PTC Inc. (NASDAQ:PTC) during the first quarter, Holdings Channel reports. The fund purchased 48,544 shares of the technology company’s stock, valued at approximately $6,917,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trust Point Inc. lifted its stake in PTC by 3.2% during the 4th quarter. Trust Point Inc. now owns 2,035 shares of the technology company’s stock worth $355,000 after acquiring an additional 63 shares in the last quarter. Strategic Advisors LLC grew its position 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 acquiring an additional 65 shares in the last quarter. Allworth Financial LP increased its stake in PTC by 23.2% during the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock worth $68,000 after purchasing an additional 74 shares during the period. Empowered Funds LLC increased its stake 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 purchasing an additional 75 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of PTC by 12.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock worth $115,000 after purchasing an additional 75 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of PTC opened at $112.55 on Friday. The stock has a 50-day simple moving average of $135.16 and a 200-day simple moving average of $151.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $13.00 billion, a PE ratio of 10.74, a PEG ratio of 1.65 and a beta of 0.97. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The firm 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%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, analysts predict that PTC Inc. will post 6.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the subject of several recent research reports. Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Barclays upped their target price on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on shares of PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of the 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 sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.29% of the stock is owned by company insiders.

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.