T. Rowe Price Investment Management Inc. Grows Position in PTC Inc. $PTC

T. Rowe Price Investment Management Inc. grew its position in shares of PTC Inc. (NASDAQ:PTC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,384,246 shares of the technology company’s stock after acquiring an additional 602,858 shares during the quarter. PTC accounts for 2.0% of T. Rowe Price Investment Management Inc.’s holdings, making the stock its 6th biggest position. T. Rowe Price Investment Management Inc. owned approximately 15.45% of PTC worth $3,202,720,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in PTC during the fourth quarter worth $27,000. Palladiem LLC acquired a new stake in PTC in the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in PTC during the 4th quarter worth about $29,000. Board of the Pension Protection Fund bought a new stake in PTC during the 4th quarter worth about $35,000. Finally, Quarry LP boosted its stake in shares of PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after buying an additional 94 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Down 1.9%

PTC stock opened at $114.75 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $137.51 and its 200-day moving average is $153.35. The firm has a market capitalization of $13.25 billion, a PE ratio of 10.95, a P/E/G ratio of 1.72 and a beta of 0.97. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last issued its 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. The business had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Sell-side analysts anticipate that PTC Inc. will post 6.32 earnings per share for the current year.

Insider Activity

In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PTC. Mizuho decreased their price objective on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of PTC in a report on Tuesday, May 5th. Citigroup raised their price target on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised PTC from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Finally, Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.60.

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.