Janney Montgomery Scott LLC Invests $609,000 in PTC Inc. $PTC

Janney Montgomery Scott LLC bought a new stake in PTC Inc. (NASDAQ:PTC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,277 shares of the technology company’s stock, valued at approximately $609,000.

A number of other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of PTC in the fourth quarter valued at approximately $27,000. Palladiem LLC purchased a new position in shares of PTC during the fourth quarter worth approximately $28,000. DV Equities LLC acquired a new position in shares of PTC in the 4th quarter valued at $29,000. Board of the Pension Protection Fund acquired a new position in shares of PTC in the 4th quarter valued at $35,000. Finally, Rakuten Securities Inc. raised its position in PTC by 2,725.0% in the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after purchasing an additional 218 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

PTC Stock Down 2.3%

PTC stock opened at $122.51 on Wednesday. The stock’s 50 day moving average price is $130.89 and its 200 day moving average price is $146.17. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $219.69. The company has a market cap of $14.15 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. During the same quarter in the prior year, the business posted $1.79 earnings per share. PTC’s revenue was up 21.7% compared to the same quarter last year. 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 predict that PTC Inc. will post 6.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. KeyCorp decreased their price target on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane initiated coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price for the company. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Citigroup boosted their price target on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $171.27.

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.