Teachers Retirement System of The State of Kentucky Reduces Position in PTC Inc. $PTC

Teachers Retirement System of The State of Kentucky decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 11.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,559 shares of the technology company’s stock after selling 4,908 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PTC were worth $5,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PTC. Norges Bank purchased a new stake in shares of PTC during the fourth quarter valued at $295,399,000. T. Rowe Price Investment Management Inc. raised its stake in PTC by 3.4% in the 4th 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 acquiring an additional 602,858 shares during the last quarter. 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. Voloridge Investment Management LLC lifted its position in PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after acquiring an additional 417,130 shares during the period. Finally, Invesco Ltd. grew its stake in PTC by 26.8% during the 4th quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock valued at $297,924,000 after purchasing an additional 361,038 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PTC shares. Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Citigroup upped 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. Mizuho cut their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Finally, BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average target price of $171.27.

PTC Stock Performance

Shares of NASDAQ PTC opened at $122.51 on Wednesday. The company’s fifty day moving average price is $130.89 and its 200 day moving average price is $146.17. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69. The company has a market capitalization of $14.15 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.06 by $0.63. The company 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 firm’s revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. 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 predict that PTC Inc. will post 6.35 earnings per share for the current year.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 816 shares of the firm’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 sale, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

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.