Gotham Asset Management LLC Buys 97,576 Shares of PTC Inc. $PTC

Gotham Asset Management LLC raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 63.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 250,288 shares of the technology company’s stock after acquiring an additional 97,576 shares during the quarter. Gotham Asset Management LLC’s holdings in PTC were worth $43,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of PTC during the fourth quarter valued at $27,000. Palladiem LLC bought a new position in shares of PTC during the fourth quarter valued at $28,000. DV Equities LLC bought a new position in shares of PTC during the fourth quarter valued at $29,000. Board of the Pension Protection Fund bought a new position in shares of PTC during the fourth quarter valued at $35,000. Finally, Quarry LP lifted its holdings in shares of PTC by 86.2% during the third 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. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PTC shares. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Barclays lifted their price objective on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Finally, Berenberg Bank set a $170.00 target price on PTC in a report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

Insider Activity 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $116.94 on Thursday. The stock’s fifty day moving average is $138.09 and its 200-day moving average is $153.78. 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 stock has a market capitalization of $13.51 billion, a PE ratio of 11.16, a PEG ratio of 1.74 and a beta of 0.97. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.06 by $0.63. The company had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Equities research analysts expect that PTC Inc. will post 6.32 EPS 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.