Meyer Handelman Co. Makes New Investment in PTC Inc. $PTC

Meyer Handelman Co. bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,544 shares of the technology company’s stock, valued at approximately $6,917,000.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its position in shares of PTC by 25.9% in the fourth quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock valued at $47,136,000 after purchasing an additional 55,485 shares in the last quarter. Norges Bank acquired a new stake in shares of PTC in the fourth quarter valued at approximately $295,399,000. Congress Asset Management Co. lifted its position in PTC by 11.6% during the fourth quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock worth $28,485,000 after buying an additional 17,020 shares in the last quarter. Quantbot Technologies LP purchased a new position in PTC during the third quarter worth approximately $3,203,000. Finally, Swiss Life Asset Management Ltd boosted its stake in PTC by 109.7% during the third quarter. Swiss Life Asset Management Ltd now owns 62,631 shares of the technology company’s stock worth $12,715,000 after buying an additional 32,758 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PTC shares. KeyCorp dropped their target price on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Wall Street Zen upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. Finally, Berenberg Bank set a $170.00 price objective on shares of PTC in a research report on Wednesday, May 27th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

PTC Trading Down 0.3%

PTC opened at $112.55 on Friday. The stock has a market capitalization of $13.00 billion, a PE ratio of 10.74, a P/E/G ratio of 1.65 and a beta of 0.97. PTC Inc. has a one year low of $108.50 and a one year high of $219.69. 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 business’s 50 day moving average price is $135.16 and its 200 day moving average price is $151.14.

PTC (NASDAQ:PTC) last posted its 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 company had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. During the same quarter last year, the firm earned $1.79 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that PTC Inc. will post 6.35 EPS for the current 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.