Peregrine Capital Management LLC Sells 24,100 Shares of PTC Inc. $PTC

Peregrine Capital Management LLC lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,348 shares of the technology company’s stock after selling 24,100 shares during the period. Peregrine Capital Management LLC’s holdings in PTC were worth $9,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PTC. Premier Path Wealth Partners LLC purchased a new stake in PTC during the first quarter valued at about $278,000. Lansforsakringar Fondforvaltning AB publ raised its holdings in PTC by 0.7% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 39,160 shares of the technology company’s stock valued at $5,580,000 after acquiring an additional 262 shares during the period. Apollon Wealth Management LLC lifted its position in shares of PTC by 6.3% during the first quarter. Apollon Wealth Management LLC now owns 1,997 shares of the technology company’s stock worth $285,000 after acquiring an additional 118 shares in the last quarter. Patton Fund Management Inc. lifted its position in shares of PTC by 12.1% during the first quarter. Patton Fund Management Inc. now owns 1,465 shares of the technology company’s stock worth $209,000 after acquiring an additional 158 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of PTC by 101.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,606 shares of the technology company’s stock worth $371,000 after acquiring an additional 1,313 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other PTC 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 transaction, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PTC has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. KeyCorp decreased their price target on PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Citigroup increased their price target on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Berenberg Bank set a $170.00 price objective on shares of PTC in a research report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.60.

PTC Price Performance

NASDAQ:PTC opened at $113.61 on Wednesday. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $219.69. The stock has a fifty day moving average of $133.73 and a 200 day moving average of $149.88. 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 firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.66 and a beta of 0.97.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.63. The firm had revenue of $774.30 million for 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 EPS. 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, research analysts expect that PTC Inc. will post 6.35 EPS for the current fiscal year.

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.