M&T Bank Corp Buys 10,339 Shares of PTC Inc. $PTC

Key Points

• M&T Bank Corp increased its stake in PTC by 260.8%, buying 10,339 shares to hold 14,304 shares valued at about $2.49 million at quarter-end.
• PTC beat expectations for the quarter with EPS of $1.92 versus $1.59 expected and revenue of $685.8M (up 21.4% YoY), and provided Q2 2026 EPS guidance of $1.93–$2.54.
• Institutional ownership is very high at 95.14%, and analysts collectively rate PTC a "Moderate Buy" with a consensus price target of $182.08, while the stock trades near $136.41.

M&T Bank Corp lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 260.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,304 shares of the technology company's stock after buying an additional 10,339 shares during the quarter. M&T Bank Corp's holdings in PTC were worth $2,492,000 at the end of the most recent quarter.

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

PTC Stock Down 0.6%

Shares of NASDAQ PTC opened at $136.41 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $16.23 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06. The stock's fifty day simple moving average is $148.09 and its two-hundred day simple moving average is $166.25. PTC Inc. has a 12-month low of $130.89 and a 12-month high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.33. The business had revenue of $685.83 million for the quarter, compared to analysts' expectations of $635.44 million. PTC had a return on equity of 24.63% and a net margin of 28.86%.The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. As a group, analysts expect that PTC Inc. will post 6.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PTC shares. Stifel Nicolaus set a $180.00 price target on PTC in a report on Thursday, February 5th. Weiss Ratings downgraded PTC from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. Oppenheimer reduced their price target on PTC from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, January 28th. Barclays started coverage on PTC in a report on Tuesday, March 17th. They issued an "overweight" rating and a $180.00 price target on the stock. Finally, Rosenblatt Securities reduced their price target on PTC from $200.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 18th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.08.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 675 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the sale, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

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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