Glenmede Trust Co. NA Has $1.18 Million Stock Holdings in PTC Inc. $PTC

Key Points

• Glenmede Trust Co. NA reduced its PTC stake by 52.2% in the first quarter, selling 9,062 shares and retaining 8,295 shares valued at approximately $1.18 million.
• Other institutional investors were broadly active, with Amundi increasing its holdings by 151.9% and Janus Henderson holding roughly $503 million in PTC. Institutional investors and hedge funds collectively own 95.14% of the company.
• Analysts have an average “Hold” rating and a $170.14 price target, while PTC’s latest quarterly results slightly exceeded EPS expectations but missed revenue estimates; quarterly revenue fell 6.8% year over year.

Glenmede Trust Co. NA cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 52.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,295 shares of the technology company's stock after selling 9,062 shares during the quarter. Glenmede Trust Co. NA's holdings in PTC were worth $1,182,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Axiom Investment Management LLC acquired a new position in PTC during the first quarter worth approximately $59,000. Edgestream Partners L.P. boosted its stake in shares of PTC by 49.2% during the 1st quarter. Edgestream Partners L.P. now owns 16,433 shares of the technology company's stock worth $2,342,000 after acquiring an additional 5,416 shares during the period. Janus Henderson Group PLC boosted its stake in shares of PTC by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company's stock worth $503,000,000 after acquiring an additional 11,278 shares during the period. Amundi increased its holdings in shares of PTC by 151.9% during the 1st quarter. Amundi now owns 1,725,555 shares of the technology company's stock worth $245,885,000 after acquiring an additional 1,040,656 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in PTC by 13.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company's stock valued at $107,000 after acquiring an additional 89 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 816 shares of the company's 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 sale, the chief accounting officer owned 1,265 shares in the company, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PTC has been the topic of several research analyst reports. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. BMO Capital Markets lifted their target price on shares of PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. BNP Paribas Exane initiated coverage on shares of PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target on the stock. Berenberg Bank set a $170.00 price target on shares of PTC in a report on Wednesday, May 27th. Finally, Stifel Nicolaus reduced their price objective on PTC from $180.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $170.14.

PTC Price Performance

Shares of NASDAQ:PTC opened at $147.66 on Friday. The firm has a 50 day moving average of $125.77 and a 200-day moving average of $140.97. The stock has a market capitalization of $16.02 billion, a PE ratio of 14.28, a PEG ratio of 2.00 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. 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, equities research analysts predict that PTC Inc. will post 6.47 EPS for the current fiscal 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.

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