M&T Bank Corp Boosts Stock Position in PTC Inc. $PTC

M&T Bank Corp raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 134.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,313 shares of the technology company’s stock after acquiring an additional 5,348 shares during the period. M&T Bank Corp’s holdings in PTC were worth $1,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of 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. raised its stake in shares of PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of PTC by 68.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after buying an additional 287 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of PTC during the 2nd quarter worth approximately $257,000. Finally, Alliancebernstein L.P. raised its stake in shares of PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after buying an additional 4,176 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: PTC beat Wall Street expectations with Q2 adjusted EPS of $2.69 and revenue of $774.3 million, both ahead of estimates, signaling stronger-than-expected execution. PTC earnings report
• Positive Sentiment: The company raised full-year fiscal 2026 guidance for revenue and non-GAAP EPS, which suggests management sees momentum continuing into the rest of the year. Reuters article
• Positive Sentiment: Investors also reacted to strong ARR growth, better cash generation, and a large share repurchase plan, all of which point to improving fundamentals and shareholder returns. Quiver Quantitative article
• Positive Sentiment: Analyst and market commentary today has been focused on PTC beating estimates and benefiting from AI-related demand trends, reinforcing the bullish reaction. Zacks article
• Neutral Sentiment: Some recent institutional filings show mixed ownership trends, with several funds adding to PTC while others trimmed positions. Fund update
• Negative Sentiment: One offsetting caution is that insider selling has been persistent over recent months, which may keep some investors guarded despite the strong earnings beat. Quiver Quantitative article

Analyst Upgrades and Downgrades

PTC has been the subject of a number of analyst reports. Wall Street Zen raised PTC from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. KeyCorp cut their target price on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Royal Bank Of Canada cut their target price on PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. BMO Capital Markets cut their target price on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $177.23.

PTC Stock Performance

NASDAQ PTC opened at $146.65 on Friday. PTC Inc. has a 1-year low of $130.89 and a 1-year high of $219.69. The company has a market capitalization of $17.45 billion, a P/E ratio of 13.99, a PEG ratio of 2.57 and a beta of 0.98. The business has a 50 day moving average price of $146.29 and a 200 day moving average price of $163.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.68 and a quick ratio of 1.22.

PTC (NASDAQ:PTC) last released its quarterly earnings data 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. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. During the same period last year, the business posted $1.79 EPS. PTC’s quarterly revenue was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Sell-side analysts expect that PTC Inc. will post 6.13 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Corinna Lathan sold 675 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the sale, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. This trade represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

About PTC

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.