Glenmede Trust Co. NA Sells 9,062 Shares of PTC Inc. $PTC

Glenmede Trust Co. NA trimmed its holdings in PTC Inc. (NASDAQ:PTC) by 52.2% during the first quarter, Holdings Channel reports. The institutional investor owned 8,295 shares of the technology company’s stock after selling 9,062 shares during the quarter. Glenmede Trust Co. NA’s holdings in PTC were worth $1,182,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in PTC in the 4th quarter worth about $27,000. Palladiem LLC bought a new position in shares of PTC during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of PTC in the 4th quarter worth approximately $29,000. Quarry LP grew its holdings in shares of PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares in the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Price Performance

Shares of NASDAQ:PTC opened at $147.66 on Friday. The company has a 50 day moving average of $125.77 and a 200 day moving average of $140.97. The company has a current ratio of 1.03, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $16.02 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.00 and a beta of 0.98. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that PTC Inc. will post 6.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

PTC has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of PTC 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. Barclays increased their target price on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PTC has a consensus rating of “Hold” and a consensus price target of $170.14.

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.