PTC Inc. $PTC Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,585 shares of the technology company’s stock after selling 25,365 shares during the quarter. Bank of Montreal Can’s holdings in PTC were worth $16,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its stake in PTC by 17.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock valued at $3,147,478,000 after purchasing an additional 3,048,311 shares in the last quarter. Nuveen LLC acquired a new stake in shares of PTC in the first quarter valued at $241,789,000. Pictet Asset Management Holding SA boosted its stake in PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock valued at $445,687,000 after buying an additional 844,418 shares in the last quarter. CCLA Investment Management acquired a new position in PTC during the second quarter worth about $94,629,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in PTC by 27.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock worth $235,134,000 after acquiring an additional 327,326 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PTC. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Robert W. Baird set a $255.00 price target on PTC in a report on Wednesday, October 22nd. KeyCorp reiterated an “overweight” rating and set a $245.00 price objective (up previously from $192.00) on shares of PTC in a research report on Thursday, July 31st. Finally, Piper Sandler decreased their target price on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Stock Up 1.3%

Shares of NASDAQ:PTC opened at $176.11 on Friday. The firm has a 50 day simple moving average of $202.62 and a 200 day simple moving average of $189.63. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $21.10 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $2.26 by $1.21. The firm had revenue of $893.80 million for the quarter, compared to analysts’ expectations of $752.05 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. As a group, research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.