First Trust Advisors LP Lowers Position in PTC Inc. $PTC

First Trust Advisors LP trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 29.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,132 shares of the technology company’s stock after selling 48,405 shares during the quarter. First Trust Advisors LP’s holdings in PTC were worth $16,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PTC by 68.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after purchasing an additional 287 shares during the period. Cerity Partners LLC purchased a new position in shares of PTC during the 2nd quarter worth approximately $257,000. Finally, Alliancebernstein L.P. increased its holdings in PTC by 3.2% in the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after purchasing an additional 4,176 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC News Summary

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Full-year guidance was raised. PTC increased its fiscal 2026 adjusted EPS outlook to $7.87–$8.42, above the prior consensus estimate of $7.72, and raised revenue guidance to approximately $2.69–$2.75 billion. The company also increased ARR guidance while reaffirming cash-flow expectations. PTC Announces Third Fiscal Quarter 2026 Results
• Positive Sentiment: Recurring revenue and cash flow remained strong. Constant-currency ARR, excluding divested businesses, rose 9.1% year over year and exceeded the high end of management’s guidance. Operating cash flow reached $260.6 million and free cash flow was $249.3 million, both ahead of guidance targets.
• Positive Sentiment: Large share repurchases supported the stock. PTC repurchased approximately $525 million of shares during the quarter, pushing fiscal-year buybacks above the high end of its stated target and potentially boosting per-share results.
• Neutral Sentiment: Adjusted EPS narrowly exceeded some analyst estimates. The company reported adjusted earnings of $1.58 per share, compared with estimates ranging from $1.57 to $1.60. However, EPS declined from $1.64 a year earlier; reported GAAP diluted EPS was $1.03.
• Negative Sentiment: Quarterly revenue missed expectations and declined year over year. Revenue was approximately $600 million, below the roughly $612 million consensus estimate and down 6.8% from the prior-year period. PTC’s fourth-quarter revenue outlook of $630–$690 million also brackets consensus near $657 million, while the EPS range of $1.63–$2.21 includes estimates of $1.73.

PTC Price Performance

Shares of PTC opened at $132.46 on Thursday. The company has a market cap of $15.30 billion, a P/E ratio of 12.64, a PEG ratio of 1.86 and a beta of 0.99. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $219.69. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average price is $126.29 and its 200 day moving average price is $142.17.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter last year, the company posted $1.64 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. 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, research analysts forecast that PTC Inc. will post 6.35 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the sale, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PTC. Robert W. Baird set a $198.00 target price on PTC in a research report on Thursday, May 7th. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BMO Capital Markets set a $155.00 price objective on PTC in a research note on Friday, July 24th. Barclays cut their price objective on PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Hold” and a consensus target price of $172.50.

About PTC

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.