Flputnam Investment Management Co. Sells 82,955 Shares of PTC Inc. $PTC

Flputnam Investment Management Co. reduced its position in PTC Inc. (NASDAQ:PTC) by 97.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,869 shares of the technology company’s stock after selling 82,955 shares during the period. Flputnam Investment Management Co.’s holdings in PTC were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in PTC in the fourth quarter valued at about $27,000. Palladiem LLC acquired a new stake in PTC in the fourth quarter worth about $28,000. DV Equities LLC bought a new stake in PTC during the 4th quarter worth about $29,000. Cedar Mountain Advisors LLC bought a new stake in PTC during the 1st quarter worth about $36,000. Finally, Rakuten Securities Inc. lifted its position in PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after purchasing an additional 218 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Berenberg Bank set a $170.00 price target on shares of PTC in a research note on Wednesday, May 27th. Stifel Nicolaus cut their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PTC has an average rating of “Hold” and a consensus price target of $170.14.

PTC Price Performance

Shares of PTC opened at $146.48 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The stock has a market cap of $15.89 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. The stock’s 50-day moving average price is $127.34 and its two-hundred day moving average price is $140.16.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the company posted $1.64 EPS. PTC’s revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, equities analysts predict that PTC Inc. will post 6.51 earnings per share for the current year.

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.