PTC Inc. $PTC Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its stake in PTC Inc. (NASDAQ:PTC) by 109.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,631 shares of the technology company’s stock after purchasing an additional 32,758 shares during the quarter. Swiss Life Asset Management Ltd owned 0.05% of PTC worth $12,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in PTC during the third quarter worth about $30,000. SJS Investment Consulting Inc. lifted its position in shares of PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 158 shares during the period. Versant Capital Management Inc lifted its position in shares of PTC by 37.6% during the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the period. Quarry LP boosted its stake in shares of PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after acquiring an additional 94 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PTC shares. BMO Capital Markets dropped their price objective on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Oppenheimer lowered their target price on PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. KeyCorp dropped their price target on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. downgraded PTC from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $205.00 to $162.00 in a research note on Monday, February 2nd. Finally, Citigroup decreased their price objective on shares of PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.08.

Insiders Place Their Bets

In related news, Director Corinna Lathan sold 675 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the sale, the executive vice president directly owned 22,221 shares in the company, valued at approximately $3,579,803.10. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

PTC Stock Performance

NASDAQ:PTC opened at $149.81 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $17.83 billion, a PE ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.03. The firm has a 50 day simple moving average of $158.52 and a 200-day simple moving average of $178.60. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share (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 analyst estimates of $635.44 million. PTC had a net margin of 28.86% and a return on equity of 24.63%. PTC’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, equities analysts expect that PTC Inc. will post 4.46 EPS for the current year.

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.