Oak Associates Ltd. OH Invests $910,000 in PTC Inc. $PTC

Oak Associates Ltd. OH acquired a new stake in PTC Inc. (NASDAQ:PTC) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,386 shares of the technology company’s stock, valued at approximately $910,000.

Other large investors have also added to or reduced their stakes in the company. Trust Point Inc. boosted its holdings in shares of PTC by 3.2% during the 4th quarter. Trust Point Inc. now owns 2,035 shares of the technology company’s stock worth $355,000 after buying an additional 63 shares in the last quarter. Strategic Advisors LLC increased its stake in shares of PTC by 0.9% in the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 65 shares in the last quarter. Allworth Financial LP lifted its position in shares of PTC by 23.2% during the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after acquiring an additional 74 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of PTC by 12.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after acquiring an additional 75 shares during the period. Finally, Empowered Funds LLC boosted its stake in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 0.1%

NASDAQ:PTC opened at $113.05 on Friday. 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. The company has a market cap of $13.06 billion, a PE ratio of 10.79, a PEG ratio of 1.65 and a beta of 0.99. The firm has a 50-day moving average of $127.80 and a 200-day moving average of $143.53.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of PTC in a research note on Tuesday, May 5th. Robert W. Baird set a $198.00 target price on PTC in a research report on Thursday, May 7th. BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Berenberg Bank set a $170.00 price target on PTC in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.27.

Insider Buying and Selling at PTC

In related news, CAO Alice Christenson sold 816 shares of PTC 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 transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

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.