Munich Reinsurance Co Stock Corp in Munich Takes Position in PTC Inc. $PTC

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in PTC Inc. (NASDAQ:PTC) in the first quarter, HoldingsChannel reports. The fund purchased 35,377 shares of the technology company’s stock, valued at approximately $5,041,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Empowered Funds LLC raised its position in PTC by 3.1% during the first 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 during the period. Geneos Wealth Management Inc. lifted its stake in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after purchasing an additional 287 shares during the period. Cerity Partners LLC bought a new position in shares of PTC during the 2nd quarter valued at approximately $257,000. Finally, Alliancebernstein L.P. increased its position in shares of PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after purchasing an additional 4,176 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of the company’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 transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PTC. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Mizuho lowered their target price on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Finally, Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $173.60.

PTC Stock Down 1.9%

Shares of PTC opened at $122.61 on Thursday. The firm has a market capitalization of $14.16 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.83 and a beta of 0.99. PTC Inc. has a 12-month low of $108.50 and a 12-month 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. The firm has a fifty day moving average price of $131.93 and a 200-day moving average price of $147.67.

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