Lombard Odier Asset Management Europe Ltd Sells 1,786,710 Shares of PTC Inc. $PTC

Lombard Odier Asset Management Europe Ltd decreased its position in PTC Inc. (NASDAQ:PTC) by 96.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,748 shares of the technology company’s stock after selling 1,786,710 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in PTC were worth $11,454,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in PTC by 5.6% during the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after purchasing an additional 312,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares during the period. Norges Bank purchased a new position in shares of PTC during the 4th quarter worth approximately $295,399,000. Standard Investments LLC raised its position in shares of PTC by 10.4% in the 3rd quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock worth $321,990,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of PTC by 2.6% in the 3rd quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock valued at $280,145,000 after purchasing an additional 34,663 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC News Roundup

Here are the key news stories impacting PTC this week:

• Positive Sentiment: PTC launched a new solution aimed at connecting disparate industrial networks, which supports its software/platform growth story and could help sentiment around future revenue opportunities. PTC Launches Solution that Connects Disparate Networks
• Positive Sentiment: Some market commentary says PTC’s recent pullback may be creating a more attractive entry point for investors despite execution risks, suggesting the stock may be viewed as oversold relative to its long-term setup. Orbit Makes PTC’s Recent Pullback Interesting Despite Execution Risks
• Neutral Sentiment: Analyst-focused articles note that PTC has underperformed the broader technology sector over the past year, but sentiment remains somewhat constructive with multiple price targets still above recent trading levels. PTC Inc. Stock: Is PTC Underperforming the Technology Sector?
• Negative Sentiment: Coverage also highlights that PTC has lagged the tech sector recently, which can weigh on investor confidence even as analysts remain cautiously optimistic. PTC Inc. stock rises Monday, still underperforms market

Analysts Set New Price Targets

PTC has been the topic of a number of recent research reports. Wall Street Zen raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Robert W. Baird set a $198.00 price target on PTC in a research note on Thursday, May 7th. Mizuho reduced their price objective on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, KeyCorp decreased their target price on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.

PTC Trading Up 2.9%

Shares of PTC stock opened at $118.18 on Wednesday. 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 fifty day moving average of $138.64 and a 200 day moving average of $154.18. The company has a market capitalization of $13.65 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.69 and a beta of 0.97. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same period in the previous year, the firm posted $1.79 EPS. PTC’s revenue for the quarter was up 21.7% compared to the same quarter last year. 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, sell-side analysts anticipate that PTC Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction on 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 owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

PTC Company 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.