TD Asset Management Inc Cuts Stock Position in PTC Inc. $PTC

TD Asset Management Inc lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,558 shares of the technology company’s stock after selling 67,768 shares during the quarter. TD Asset Management Inc’s holdings in PTC were worth $102,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of PTC during the 2nd quarter valued at $155,673,000. Vanguard Group Inc. boosted its holdings in PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after acquiring an additional 416,791 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in PTC by 31.4% in the second quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock worth $266,715,000 after acquiring an additional 370,097 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PTC by 8.4% during the second quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock worth $586,438,000 after acquiring an additional 265,558 shares during the last quarter. Finally, State Street Corp raised its position in shares of PTC by 4.0% in the 2nd quarter. State Street Corp now owns 5,372,296 shares of the technology company’s stock valued at $925,861,000 after purchasing an additional 205,029 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PTC. Wall Street Zen downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BMO Capital Markets cut their target price on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Oppenheimer lowered their price target on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Finally, Citigroup cut their price objective on PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $188.08.

PTC Price Performance

Shares of PTC opened at $154.11 on Thursday. The business’s 50-day moving average is $164.42 and its two-hundred day moving average is $184.68. The company has a market capitalization of $18.34 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.51 and a beta of 1.03. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The firm had revenue of $685.83 million for the quarter, compared to the consensus estimate of $635.44 million. PTC had a return on equity of 24.63% and a net margin of 28.86%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 240 shares of PTC stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the completion of the transaction, the executive vice president directly owned 22,221 shares of the company’s stock, valued at $3,579,803.10. The trade was a 1.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the sale, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,517 shares of company stock worth $10,662,740 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

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.