Illinois Municipal Retirement Fund Sells 5,247 Shares of PTC Inc. $PTC

Illinois Municipal Retirement Fund lowered its stake in PTC Inc. (NASDAQ:PTC) by 21.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,738 shares of the technology company’s stock after selling 5,247 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in PTC were worth $2,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of PTC during the first quarter worth $659,000. Chicago Partners Investment Group LLC increased its holdings in PTC by 35.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 2,639 shares of the technology company’s stock worth $371,000 after purchasing an additional 686 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in PTC by 48.8% during the 1st quarter. Diversify Wealth Management LLC now owns 12,198 shares of the technology company’s stock worth $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of PTC by 275.2% in the 1st quarter. Fifth Third Bancorp now owns 18,951 shares of the technology company’s stock valued at $2,700,000 after purchasing an additional 13,900 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of PTC by 32.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,023 shares of the technology company’s stock valued at $858,000 after purchasing an additional 1,459 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

PTC has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Tuesday, May 5th. Citigroup lifted their target price on PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Barclays reduced their price target on PTC from $185.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, Berenberg Bank set a $170.00 price target on shares of PTC in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $171.27.

Insider Buying and Selling 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 stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the sale, the chief accounting officer 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 document filed with the SEC, which is available at this link. 0.29% of the stock is owned by company insiders.

PTC Stock Performance

PTC stock opened at $124.37 on Monday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.82 and a beta of 0.99. The firm has a 50-day moving average of $129.78 and a 200-day moving average of $145.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. PTC Inc. has a one year low of $108.50 and a one year high of $219.69.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. During the same quarter in the previous year, the business earned $1.79 earnings per share. PTC’s quarterly revenue was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. On average, equities analysts expect that PTC Inc. will post 6.35 earnings per share for the current fiscal year.

PTC Company 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.