Flputnam Investment Management Co. Cuts Stake in PTC Inc. $PTC

Flputnam Investment Management Co. lowered its stake in shares of PTC Inc. (NASDAQ:PTC) by 97.8% in the second quarter, Holdings Channel reports. The firm owned 1,869 shares of the technology company’s stock after selling 82,955 shares during the period. Flputnam Investment Management Co.’s holdings in PTC were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in PTC by 3.1% during 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 last quarter. 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 last quarter. Cerity Partners LLC purchased a new stake in shares of PTC during the second quarter worth approximately $257,000. Finally, Alliancebernstein L.P. raised its stake in PTC by 3.2% in the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after purchasing an additional 4,176 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

NASDAQ PTC opened at $155.74 on Tuesday. The stock has a market cap of $16.90 billion, a PE ratio of 15.06, a P/E/G ratio of 2.24 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $215.81. The stock has a fifty day simple moving average of $133.89 and a 200-day simple moving average of $140.09.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter last year, the company posted $1.64 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. 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 anticipate that PTC Inc. will post 6.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research reports. Barclays raised their price objective on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Citigroup increased their target price on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Stifel Nicolaus lowered their price objective on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PTC presently has an average rating of “Hold” and an average 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.