PTC Inc. $PTC Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 438.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,261 shares of the technology company’s stock after buying an additional 5,098 shares during the period. QRG Capital Management Inc.’s holdings in PTC were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Tensor Edge Capital LLC grew its position in shares of PTC by 86.6% in the first quarter. Tensor Edge Capital LLC now owns 279,909 shares of the technology company’s stock valued at $39,884,000 after purchasing an additional 129,909 shares during the period. HB Wealth Management LLC raised its position in shares of PTC by 9.4% during the 1st quarter. HB Wealth Management LLC now owns 3,375 shares of the technology company’s stock worth $481,000 after purchasing an additional 289 shares during the last quarter. World Investment Advisors lifted its stake in PTC by 37.4% in the 1st quarter. World Investment Advisors now owns 1,936 shares of the technology company’s stock valued at $276,000 after buying an additional 527 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in PTC by 233.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 31,898 shares of the technology company’s stock valued at $4,545,000 after buying an additional 22,333 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in PTC by 68.6% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 87,149 shares of the technology company’s stock worth $12,418,000 after buying an additional 35,450 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BNP Paribas Exane started coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price for the company. Mizuho dropped their price target on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, KeyCorp lowered their target price on shares of PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

PTC Stock Performance

NASDAQ PTC opened at $122.61 on Thursday. The stock has a market cap of $14.16 billion, a PE ratio of 11.70, a P/E/G ratio of 1.83 and a beta of 0.99. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $219.69. The stock has a fifty day simple moving average of $131.93 and a 200-day simple moving average of $147.67.

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. PTC had a net margin of 41.81% and a return on equity of 25.84%. The firm had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period in the previous year, the firm earned $1.79 EPS. PTC’s revenue 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. Equities analysts anticipate that PTC Inc. will post 6.35 earnings per share for the current year.

PTC 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.