Principal Financial Group Inc. Decreases Stake in PTC Inc. $PTC

Principal Financial Group Inc. cut its holdings in shares of PTC Inc. (NASDAQ:PTC) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,207 shares of the technology company’s stock after selling 5,230 shares during the period. Principal Financial Group Inc. owned about 0.12% of PTC worth $20,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC boosted its holdings in PTC by 35.1% in the first quarter. Chicago Partners Investment Group LLC now owns 2,639 shares of the technology company’s stock valued at $371,000 after purchasing an additional 686 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in PTC by 48.8% during the 1st quarter. Diversify Wealth Management LLC now owns 12,198 shares of the technology company’s stock worth $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Fifth Third Bancorp increased its holdings in PTC by 275.2% during the 1st quarter. Fifth Third Bancorp now owns 18,951 shares of the technology company’s stock worth $2,700,000 after purchasing an additional 13,900 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of PTC by 32.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,023 shares of the technology company’s stock valued at $858,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of PTC during the 1st quarter valued at approximately $36,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ PTC opened at $120.77 on Wednesday. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $219.69. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The business has a 50 day simple moving average of $128.89 and a 200-day simple moving average of $144.36.

PTC (NASDAQ:PTC) last posted its quarterly earnings results 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 return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period in the prior year, the company posted $1.79 EPS. The business’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. As a group, equities research analysts expect that PTC Inc. will post 6.35 earnings per share for the current year.

Insider Buying and Selling at PTC

In other PTC 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird set a $198.00 price target on shares of PTC in a research note on Thursday, May 7th. Citigroup increased their price objective on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. 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 objective for the company. Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Barclays cut their target price on shares of PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus target price of $171.27.

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.