Argo Wealth Advisory LLC Invests $2.48 Million in PTC Inc. $PTC

Key Points

• Argo Wealth Advisory LLC bought a new position of 14,210 PTC shares worth approximately $2.48 million, making PTC about 1.5% of its portfolio and its 24th largest holding.
• Institutional investors own roughly 95.14% of PTC, with major funds (State Street, Standard Investments, Northern Trust, Select Equity and Robeco) materially increasing their stakes recently.
• PTC beat quarterly expectations with $1.92 EPS and revenue up 21.4% year-over-year, set Q2 guidance of $1.93–$2.54, and carries a consensus analyst view of "Moderate Buy" with an average target of $182.08.

Argo Wealth Advisory LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,210 shares of the technology company's stock, valued at approximately $2,476,000. PTC accounts for about 1.5% of Argo Wealth Advisory LLC's investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of PTC. State Street Corp raised its position in PTC by 4.1% during the third quarter. State Street Corp now owns 5,593,645 shares of the technology company's stock valued at $1,135,622,000 after buying an additional 221,349 shares during the period. Standard Investments LLC raised its position in PTC by 10.4% during the third quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company's stock valued at $321,990,000 after buying an additional 150,000 shares during the period. Northern Trust Corp raised its position in PTC by 2.6% during the third quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company's stock valued at $280,145,000 after buying an additional 34,663 shares during the period. Select Equity Group L.P. raised its position in PTC by 26.7% during the second quarter. Select Equity Group L.P. now owns 775,077 shares of the technology company's stock valued at $133,577,000 after buying an additional 163,152 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in PTC by 96.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company's stock valued at $123,576,000 after buying an additional 347,414 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 240 shares of PTC stock in a transaction on 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 of the company's stock, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the completion of the sale, the director owned 8,429 shares of the company's stock, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company's stock.

PTC Price Performance

NASDAQ PTC opened at $138.27 on Friday. The stock has a 50-day simple moving average of $150.62 and a 200 day simple moving average of $169.89. PTC Inc. has a twelve month low of $130.89 and a twelve month high of $219.69. The stock has a market capitalization of $16.45 billion, a PE ratio of 20.19, a P/E/G ratio of 2.37 and a beta of 1.06. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.33. PTC had a return on equity of 24.63% and a net margin of 28.86%.The company had revenue of $685.83 million during the quarter, compared to the consensus estimate of $635.44 million. During the same quarter last year, the company earned $1.10 EPS. The company's quarterly revenue was up 21.4% on a year-over-year basis. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PTC shares. Citigroup dropped their price target on PTC from $181.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, February 6th. Stifel Nicolaus set a $180.00 target price on PTC in a research report on Thursday, February 5th. JPMorgan Chase & Co. lowered PTC from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $205.00 to $162.00 in a research report on Monday, February 2nd. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, KeyCorp dropped their target price on PTC from $210.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 17th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $182.08.

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.

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