Fisher Asset Management LLC Grows Position in PTC Inc. $PTC

Fisher Asset Management LLC increased its position in shares of PTC Inc. (NASDAQ:PTC) by 26.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,483 shares of the technology company’s stock after buying an additional 30,717 shares during the quarter. Fisher Asset Management LLC’s holdings in PTC were worth $25,345,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PTC. Voloridge Investment Management LLC grew its stake 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 buying an additional 417,130 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of PTC by 96.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company’s stock valued at $123,576,000 after purchasing an additional 347,414 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of PTC by 7,570.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 316,793 shares of the technology company’s stock valued at $64,315,000 after purchasing an additional 312,663 shares during the last quarter. State Street Corp grew its stake in shares of PTC by 4.1% in the 3rd quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock valued at $1,135,622,000 after purchasing an additional 221,349 shares during the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of PTC by 26.7% in the 2nd quarter. Select Equity Group L.P. now owns 775,077 shares of the technology company’s stock valued at $133,577,000 after purchasing an additional 163,152 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ:PTC opened at $144.88 on Wednesday. The firm has a market capitalization of $16.74 billion, a PE ratio of 13.82, a P/E/G ratio of 2.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average of $142.48 and a two-hundred day moving average of $158.55. PTC Inc. has a 12 month low of $130.89 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company had revenue of $774.30 million during the quarter, compared to analyst estimates of $712.40 million. During the same period in the prior year, the firm posted $1.79 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. 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, research analysts forecast that PTC Inc. will post 6.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PTC shares. Mizuho lowered their target price on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. BMO Capital Markets lowered their target price on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Barclays lifted their target price on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. Finally, Oppenheimer decreased their price target on PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.23.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 816 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Corinna Lathan sold 675 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the completion of the transaction, the director directly owned 8,429 shares of the company’s stock, valued at $1,325,375.96. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.