PTC Inc. $PTC Position Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of PTC Inc. (NASDAQ:PTC) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 144,207 shares of the technology company’s stock after selling 5,230 shares during the quarter. Principal Financial Group Inc.’s holdings in PTC were worth $20,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in PTC in the fourth quarter valued at $27,000. Palladiem LLC acquired 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 worth about $29,000. Cedar Mountain Advisors LLC bought a new position in shares of PTC during the first quarter worth about $36,000. Finally, Rakuten Securities Inc. increased its holdings in shares of PTC by 2,725.0% in the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after acquiring an additional 218 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the sale, the chief accounting officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of several recent research reports. BNP Paribas Exane began coverage on shares of PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective on the stock. Berenberg Bank set a $170.00 target price on shares of PTC in a research report on Wednesday, May 27th. Citigroup raised their price target on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays cut their price target on PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $171.27.

PTC Price Performance

Shares of NASDAQ PTC opened at $120.77 on Wednesday. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69. The firm’s 50-day simple moving average is $128.89 and its 200 day simple moving average is $144.36. 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 stock has a market cap of $13.95 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.82 and a beta of 0.99.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.63. The business had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 analysts expect that PTC Inc. will post 6.35 EPS for the current year.

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.