TD Asset Management Inc Has $86.40 Million Stake in PTC Inc. $PTC

TD Asset Management Inc trimmed its holdings in PTC Inc. (NASDAQ:PTC) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,926 shares of the technology company’s stock after selling 6,632 shares during the period. TD Asset Management Inc’s holdings in PTC were worth $86,395,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc lifted its position in shares of PTC by 69.3% in the fourth quarter. CIBC Asset Management Inc now owns 28,161 shares of the technology company’s stock valued at $4,906,000 after buying an additional 11,523 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of PTC by 7.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 419,025 shares of the technology company’s stock valued at $72,998,000 after buying an additional 30,033 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of PTC by 34.2% in the fourth quarter. Bridges Investment Management Inc. now owns 1,682 shares of the technology company’s stock valued at $293,000 after buying an additional 429 shares during the last quarter. Strategic Advisors LLC lifted its position in shares of PTC by 0.9% in the fourth quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after buying an additional 65 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of PTC by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,500 shares of the technology company’s stock valued at $958,000 after buying an additional 100 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 675 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director owned 8,429 shares in the company, valued at $1,325,375.96. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer owned 1,265 shares in the company, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

PTC Price Performance

NASDAQ:PTC opened at $138.79 on Friday. PTC Inc. has a 52 week low of $130.89 and a 52 week high of $219.69. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 2.06 and a beta of 0.97. The firm’s 50-day simple moving average is $141.14 and its 200 day simple moving average is $156.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period last year, the firm earned $1.79 earnings per share. PTC’s revenue for the quarter 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, sell-side analysts predict that PTC Inc. will post 6.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PTC shares. Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Tuesday, May 5th. Stifel Nicolaus set a $180.00 target price on PTC in a research note on Thursday, February 5th. Citigroup increased their target price on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets lowered their target price on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.71.

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.