Private Client Services LLC Purchases New Shares in PTC Inc. $PTC

Private Client Services LLC acquired a new stake in PTC Inc. (NASDAQ:PTC) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 10,753 shares of the technology company’s stock, valued at approximately $1,222,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Elyxium Wealth LLC bought a new stake in shares of PTC during the fourth quarter worth $27,000. Palladiem LLC bought a new position in shares of PTC in the fourth quarter valued at about $28,000. DV Equities LLC bought a new position in shares of PTC in the fourth quarter valued at about $29,000. Quarry LP lifted its position in 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 in the last quarter. Finally, Rakuten Securities Inc. lifted its position in PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Piper Sandler reduced their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Finally, Citigroup boosted their price objective on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.14.

Insider Buying and Selling at PTC

In related news, CAO Alice Christenson sold 816 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

PTC Stock Performance

Shares of NASDAQ:PTC opened at $139.85 on Tuesday. The stock has a market capitalization of $16.15 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.01 and a beta of 0.98. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $218.00. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $125.71 and a two-hundred day moving average price of $141.47.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts predict that PTC Inc. will post 6.35 earnings per share for the current year.

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.