PTC Inc. $PTC Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,428 shares of the technology company's stock after selling 3,650 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of PTC worth $19,248,715 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Advisors LLC grew its stake in PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock valued at $1,298,000 after acquiring an additional 65 shares in the last quarter. Allworth Financial LP lifted its holdings in PTC by 23.2% during the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock valued at $115,000 after buying an additional 75 shares in the last quarter. Huntington National Bank grew its position in shares of PTC by 14.9% in the 4th quarter. Huntington National Bank now owns 586 shares of the technology company's stock valued at $102,000 after buying an additional 76 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of PTC by 3.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,316 shares of the technology company's stock worth $403,000 after purchasing an additional 83 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of NASDAQ PTC traded down $1.16 during trading on Tuesday, reaching $135.49. 372,576 shares of the stock traded hands, compared to its average volume of 1,422,057. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $208.00. The company has a 50-day moving average of $138.24 and a 200-day moving average of $139.03. The stock has a market capitalization of $14.70 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. During the same quarter in the prior year, the company posted $1.64 earnings per share. The business's revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts forecast that PTC Inc. will post 6.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a report on Friday, July 31st. BMO Capital Markets boosted their price objective on PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Berenberg Bank set a $170.00 target price on PTC in a research report on Wednesday, May 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $170.14.

PTC Company Profile

PTC Inc is a technology company that develops software for product design, engineering, manufacturing and service organizations. Its solutions help businesses create, manage and analyze product data throughout the product lifecycle, supporting collaboration from initial design through production and ongoing maintenance.

The company's portfolio includes Creo computer-aided design software, Windchill product lifecycle management software, and Onshape cloud-native product development tools.

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