Assenagon Asset Management S.A. Has $15.68 Million Stock Holdings in PTC Inc. $PTC

Assenagon Asset Management S.A. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 110.7% in the 1st quarter, HoldingsChannel reports. The firm owned 110,028 shares of the technology company’s stock after acquiring an additional 57,818 shares during the quarter. Assenagon Asset Management S.A.’s holdings in PTC were worth $15,678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in PTC by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock valued at $47,136,000 after purchasing an additional 55,485 shares during the period. Norges Bank acquired a new stake in shares of PTC in the fourth quarter worth $295,399,000. Congress Asset Management Co. grew its holdings in shares of PTC by 11.6% during the fourth quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock valued at $28,485,000 after buying an additional 17,020 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of PTC during the third quarter valued at $3,203,000. Finally, Swiss Life Asset Management Ltd raised its position in PTC by 109.7% during the third quarter. Swiss Life Asset Management Ltd now owns 62,631 shares of the technology company’s stock valued at $12,715,000 after buying an additional 32,758 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PTC. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Tuesday, May 5th. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Mizuho reduced their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Finally, Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday. Ten investment 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, PTC has an average rating of “Moderate Buy” and an average price target of $173.60.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

PTC Stock Up 2.8%

Shares of PTC stock opened at $115.72 on Friday. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.69 and a beta of 0.97. The stock has a 50-day simple moving average of $134.74 and a 200-day simple moving average of $150.90. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $219.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 EPS 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 the consensus estimate of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts expect that PTC Inc. will post 6.35 earnings per share 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.