PTC Inc. $PTC Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in PTC Inc. (NASDAQ:PTC) by 438.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,261 shares of the technology company’s stock after purchasing an additional 5,098 shares during the quarter. QRG Capital Management Inc.’s holdings in PTC were worth $892,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in shares of PTC in the 4th quarter valued at about $27,000. Palladiem LLC purchased a new stake in PTC during the fourth quarter worth approximately $28,000. DV Equities LLC purchased a new stake in PTC during the fourth quarter worth approximately $29,000. Board of the Pension Protection Fund acquired a new position in PTC in the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. increased its stake in PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after purchasing an additional 218 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PTC has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. Barclays increased their target price on shares of PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $198.00 price target on shares of PTC in a research note on Thursday, May 7th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane initiated coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average target price of $173.60.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were 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 owned 1,265 shares in the company, valued at approximately $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

PTC Stock Down 1.9%

PTC opened at $122.61 on Thursday. The business has a 50 day moving average price of $131.93 and a two-hundred day moving average price of $147.67. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The company has a market cap of $14.16 billion, a PE ratio of 11.70, a P/E/G ratio of 1.83 and a beta of 0.99. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69.

PTC (NASDAQ:PTC) last released its 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 return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same quarter in the previous year, the company posted $1.79 earnings per share. The company’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. As a group, research analysts anticipate that PTC Inc. will post 6.35 EPS for the current year.

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.