Sienna Gestion Purchases New Stake in PTC Inc. $PTC

Sienna Gestion purchased a new stake in PTC Inc. (NASDAQ:PTC) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,514 shares of the technology company’s stock, valued at approximately $788,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its position in PTC by 5.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,167 shares of the technology company’s stock valued at $2,642,000 after purchasing an additional 728 shares during the period. Verition Fund Management LLC grew its position in PTC by 28.2% in the 4th quarter. Verition Fund Management LLC now owns 27,767 shares of the technology company’s stock valued at $4,837,000 after purchasing an additional 6,100 shares during the period. Focus Partners Wealth grew its position in PTC by 841.4% in the 4th quarter. Focus Partners Wealth now owns 9,659 shares of the technology company’s stock valued at $1,683,000 after purchasing an additional 8,633 shares during the period. Arax Advisory Partners boosted its holdings in PTC by 102.3% during the 4th quarter. Arax Advisory Partners now owns 522 shares of the technology company’s stock worth $91,000 after acquiring an additional 264 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in PTC by 15.7% during the 4th quarter. Brown Advisory Inc. now owns 7,843 shares of the technology company’s stock worth $1,366,000 after acquiring an additional 1,067 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. 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. KeyCorp decreased their price target on PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Citigroup upped their price target on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho decreased their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $176.71.

PTC Trading Up 1.0%

Shares of PTC stock opened at $114.85 on Tuesday. 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 business has a 50-day moving average price of $139.13 and a two-hundred day moving average price of $154.57. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69. The firm has a market cap of $13.27 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million during 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 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. Equities analysts anticipate that PTC Inc. will post 6.32 EPS for the current fiscal year.

Insider Transactions at PTC

In other PTC 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 value of $118,989.12. Following the completion of the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. This 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 through the SEC website. 0.29% of the stock is currently 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.