PTC Inc. $PTC Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in shares of PTC Inc. (NASDAQ:PTC) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 428,833 shares of the technology company’s stock after selling 12,386 shares during the period. TD Asset Management Inc’s holdings in PTC were worth $48,720,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PTC. T. Rowe Price Investment Management Inc. grew its holdings in shares of PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after buying an additional 602,858 shares during the last quarter. State Street Corp increased its position in PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after acquiring an additional 312,000 shares during the period. Geode Capital Management LLC raised its stake in PTC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after acquiring an additional 71,181 shares during the last quarter. Janus Henderson Group PLC lifted its position in PTC by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after acquiring an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after acquiring an additional 529,208 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $149.75 on Friday. The company has a market cap of $16.25 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The business has a fifty day moving average of $126.95 and a two-hundred day moving average of $140.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, analysts predict that PTC Inc. will post 6.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PTC shares. Citigroup boosted their target price on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Barclays upped their price objective on shares of PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.14.

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.