Marks Group Wealth Management Inc Acquires New Position in PTC Inc. $PTC

Marks Group Wealth Management Inc acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,168 shares of the technology company’s stock, valued at approximately $1,597,000.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of PTC during the 4th quarter valued at approximately $27,000. Palladiem LLC bought a new position in shares of PTC during the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the 4th quarter valued at approximately $35,000. Quarry LP grew its stake in shares of PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after acquiring an additional 94 shares during the period. Finally, Rakuten Securities Inc. grew its stake in shares of PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the sale, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PTC. Barclays boosted their price objective on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price objective on shares of PTC in a research note on Tuesday, May 5th. Finally, Mizuho lowered their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.

PTC Trading Up 0.7%

Shares of PTC opened at $136.97 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. PTC Inc. has a 1 year low of $130.89 and a 1 year high of $219.69. The company has a 50 day simple moving average of $140.83 and a two-hundred day simple moving average of $156.01. The firm has a market cap of $15.82 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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 business had revenue of $774.30 million during the quarter, compared to analyst estimates of $712.40 million. During the same period last year, the firm posted $1.79 EPS. The company’s 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. On average, equities analysts expect that PTC Inc. will post 6.3 earnings per share for the current fiscal 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.