iA Global Asset Management Inc. Invests $1.28 Million in PTC Inc. $PTC

iA Global Asset Management Inc. purchased a new stake in PTC Inc. (NASDAQ:PTC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,018 shares of the technology company’s stock, valued at approximately $1,285,000.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after purchasing an additional 75 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after purchasing an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after buying an additional 287 shares during the last quarter. Cerity Partners LLC bought a new stake in PTC in the second quarter valued at about $257,000. Finally, Alliancebernstein L.P. raised its stake in PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after buying an additional 4,176 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. Barclays increased their target price on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. BNP Paribas Exane assumed coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Citigroup raised their price objective on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. KeyCorp lowered 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. Finally, Robert W. Baird set a $198.00 target price on shares of PTC in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

PTC Stock Up 4.0%

NASDAQ:PTC opened at $124.55 on Friday. The firm has a market capitalization of $14.39 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. The stock has a 50 day moving average of $132.99 and a 200-day moving average of $149.10. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $219.69. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30.

PTC (NASDAQ:PTC) last announced 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 business 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 quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior 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. Analysts predict that PTC Inc. will post 6.35 EPS for the current year.

Insiders Place Their Bets

In other PTC 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 value 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 trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

About PTC

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.