Resona Asset Management Co. Ltd. Acquires 6,879 Shares of PTC Inc. $PTC

Resona Asset Management Co. Ltd. boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 16.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,775 shares of the technology company’s stock after purchasing an additional 6,879 shares during the period. Resona Asset Management Co. Ltd.’s holdings in PTC were worth $7,072,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of PTC by 25.9% during the fourth quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock worth $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. raised its position in PTC by 11.6% in the 4th quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock worth $28,485,000 after purchasing an additional 17,020 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in PTC by 109.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 62,631 shares of the technology company’s stock worth $12,715,000 after purchasing an additional 32,758 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in PTC during the 3rd quarter worth $9,208,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

PTC Trading Up 0.8%

Shares of PTC stock traded up $0.95 on Friday, hitting $124.74. 1,130,615 shares of the company’s stock traded hands, compared to its average volume of 2,117,910. The firm’s 50-day moving average price is $131.41 and its two-hundred day moving average price is $147.13. The stock has a market capitalization of $14.41 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. 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 current ratio of 1.23 and a quick ratio of 1.23.

PTC (NASDAQ:PTC) last posted its quarterly 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 business had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period last year, the company earned $1.79 EPS. The firm’s 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, research analysts expect that PTC Inc. will post 6.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on PTC shares. BNP Paribas Exane initiated coverage on PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of PTC in a research note on Tuesday, May 5th. Robert W. Baird set a $198.00 price target on PTC in a report on Thursday, May 7th. Barclays lifted their price objective on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $173.60.

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.