Kesler Norman & Wride LLC Purchases New Shares in PTC Inc. $PTC

Kesler Norman & Wride LLC purchased a new position in PTC Inc. (NASDAQ:PTC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,840 shares of the technology company’s stock, valued at approximately $690,000.

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of PTC in the fourth quarter valued at about $27,000. Palladiem LLC acquired a new position in shares of PTC during the 4th quarter worth about $28,000. DV Equities LLC acquired a new position in shares of PTC during the 4th quarter worth about $29,000. Board of the Pension Protection Fund acquired a new position in shares of PTC during the 4th quarter worth about $35,000. Finally, Quarry LP lifted its stake in PTC by 86.2% in the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after buying an additional 94 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 816 shares of the 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 approximately $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings lowered PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Berenberg Bank set a $170.00 price target on PTC in a research note on Wednesday, May 27th. Mizuho dropped their price target on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Finally, Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Ten 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.27.

PTC Stock Down 2.3%

Shares of NASDAQ PTC opened at $124.37 on Friday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $219.69. The stock has a market cap of $14.37 billion, a PE ratio of 11.87, a P/E/G ratio of 1.82 and a beta of 0.99. 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 company has a 50-day moving average of $129.78 and a 200 day moving average of $145.30.

PTC (NASDAQ:PTC) last released its 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 analyst estimates of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts predict that PTC Inc. will post 6.35 EPS for the current fiscal 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.