Legal & General Group Plc Purchases 37,924 Shares of PTC Inc. $PTC

Key Points

• Legal & General Group Plc increased its PTC stake by 5.9% in the fourth quarter, buying 37,924 additional shares and bringing its holdings to 678,961 shares worth about $118.3 million.
• PTC’s latest earnings beat estimates, with quarterly EPS of $2.69 versus the $2.06 consensus and revenue of $774.3 million, up 21.7% year over year.
• Analyst sentiment remains positive overall: 10 analysts rate PTC a Buy, five Hold, and one Sell, giving the stock a consensus “Moderate Buy” rating with an average price target of $176.71.

Legal & General Group Plc grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 678,961 shares of the technology company's stock after buying an additional 37,924 shares during the period. Legal & General Group Plc owned approximately 0.57% of PTC worth $118,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Asset Management Inc. raised its holdings in PTC by 3.2% in the 4th quarter. North Star Asset Management Inc. now owns 160,978 shares of the technology company's stock worth $28,044,000 after acquiring an additional 5,040 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in PTC by 9.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,549 shares of the technology company's stock valued at $618,000 after purchasing an additional 315 shares during the last quarter. MQS Management LLC purchased a new stake in PTC during the 4th quarter valued at $254,000. CFO4Life Group LLC bought a new stake in shares of PTC in the 4th quarter worth $283,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 worth $115,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 675 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the sale, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Alice Christenson sold 816 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company's stock.

PTC Stock Down 2.4%

PTC stock opened at $138.79 on Friday. The stock has a market cap of $16.03 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. PTC Inc. has a one year low of $130.89 and a one year high of $219.69. The stock has a fifty day moving average of $141.90 and a 200 day moving average of $158.06.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (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 business had revenue of $774.30 million for the quarter, compared to analysts' expectations of $712.40 million. During the same period last year, the firm posted $1.79 earnings per share. The business's revenue for the quarter 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, sell-side analysts predict that PTC Inc. will post 6.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PTC shares. Berenberg Bank set a $170.00 price target on PTC in a report on Wednesday. Stifel Nicolaus set a $180.00 target price on PTC in a research report on Thursday, February 5th. BMO Capital Markets lowered their target price on shares of PTC from $219.00 to $189.00 and set an "outperform" rating on the stock in a research note on Thursday, February 5th. Mizuho dropped their price target on shares of PTC from $180.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, March 23rd. Finally, Citigroup lifted their price target on shares of PTC from $146.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $176.71.

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.

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