CENTRAL TRUST Co Sells 455 Shares of PTC Inc. $PTC

CENTRAL TRUST Co decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,701 shares of the technology company’s stock after selling 455 shares during the quarter. CENTRAL TRUST Co’s holdings in PTC were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Motco acquired a new stake in PTC in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new stake in PTC during the first quarter worth approximately $39,000. SVB Wealth LLC bought a new stake in shares of PTC in the 1st quarter valued at $41,000. Finally, Assetmark Inc. grew its stake in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after buying an additional 207 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PTC. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus increased their price target on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Piper Sandler reduced their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada boosted their price target on shares of PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Price Performance

Shares of NASDAQ:PTC opened at $174.57 on Friday. The company has a market capitalization of $20.91 billion, a PE ratio of 41.17, a PEG ratio of 1.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average price of $199.75 and a 200-day moving average price of $190.40. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $1.21. The company had revenue of $893.80 million for the quarter, compared to analysts’ expectations of $752.05 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the company posted $1.54 earnings per share. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. As a group, equities analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.