Thrivent Financial for Lutherans Sells 45,481 Shares of PTC Inc. $PTC

Thrivent Financial for Lutherans lowered its stake in PTC Inc. (NASDAQ:PTC) by 48.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,758 shares of the technology company’s stock after selling 45,481 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PTC were worth $8,320,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PTC. Voloridge Investment Management LLC boosted its holdings in PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after acquiring an additional 417,130 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in PTC by 96.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company’s stock worth $123,576,000 after acquiring an additional 347,414 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in PTC by 7,570.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 316,793 shares of the technology company’s stock worth $64,315,000 after acquiring an additional 312,663 shares during the last quarter. State Street Corp boosted its holdings in PTC by 4.1% during the 3rd quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock worth $1,135,622,000 after acquiring an additional 221,349 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in PTC by 26.7% during the 2nd quarter. Select Equity Group L.P. now owns 775,077 shares of the technology company’s stock worth $133,577,000 after acquiring an additional 163,152 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 675 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alice Christenson sold 816 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays lifted their price objective on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada cut their price objective on shares of PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. downgraded shares of PTC from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $205.00 to $162.00 in a report on Monday, February 2nd. Wall Street Zen raised shares of PTC from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Finally, BMO Capital Markets cut their price target on shares of PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $177.23.

PTC Price Performance

Shares of NASDAQ:PTC opened at $145.19 on Wednesday. The company’s 50-day moving average is $143.69 and its 200 day moving average is $160.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $16.77 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. PTC Inc. has a fifty-two week low of $130.89 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The company had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. On average, equities research analysts forecast that PTC Inc. will post 6.3 earnings per share for the current year.

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.