Hsbc Holdings PLC Purchases 37,502 Shares of PTC Inc. $PTC

Hsbc Holdings PLC lifted its position in PTC Inc. (NASDAQ:PTC) by 11.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,219 shares of the technology company’s stock after purchasing an additional 37,502 shares during the period. Hsbc Holdings PLC’s holdings in PTC were worth $50,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC increased its stake in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after buying an additional 75 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after acquiring an additional 287 shares during the period. Cerity Partners LLC purchased a new stake in shares of PTC during the second quarter worth about $257,000. Finally, Alliancebernstein L.P. grew its position in shares of PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after purchasing an additional 4,176 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

PTC Price Performance

NASDAQ:PTC opened at $124.83 on Tuesday. The business’s 50-day moving average is $129.35 and its 200 day moving average is $144.73. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $219.69. The company has a market capitalization of $14.42 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.82 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 (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share 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 analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts forecast that PTC Inc. will post 6.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on PTC. Berenberg Bank set a $170.00 price target on PTC in a report on Wednesday, May 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. BNP Paribas Exane assumed coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Robert W. Baird set a $198.00 target price on shares of PTC in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Ten 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.27.

PTC Company 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.