Pictet Asset Management Holding SA Trims Stock Holdings in PTC Inc. $PTC

Key Points

• Pictet Asset Management Holding SA trimmed its PTC stake by 1.3% in Q4 to 2,976,722 shares—about 2.50% ownership valued at roughly $518.6 million.
• PTC beat Q4 estimates with $1.92 EPS vs. $1.59 expected and revenue of $685.8 million (up 21.4% YoY), and set Q2 guidance of 1.93–2.54 EPS.
• Analysts remain mostly positive: the consensus is a Moderate Buy with an average price target of $182.08, versus a current share price near $137 and a market cap of about $16.3 billion.

Pictet Asset Management Holding SA cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,976,722 shares of the technology company's stock after selling 37,970 shares during the quarter. Pictet Asset Management Holding SA owned approximately 2.50% of PTC worth $518,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in PTC during the 3rd quarter worth $30,000. SJS Investment Consulting Inc. raised its stake in shares of PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company's stock valued at $34,000 after purchasing an additional 158 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of PTC during the fourth quarter worth about $35,000. Versant Capital Management Inc lifted its position in shares of PTC by 37.6% during the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company's stock worth $39,000 after purchasing an additional 53 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company's stock worth $39,000 after purchasing an additional 218 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ:PTC opened at $137.17 on Monday. The company has a market cap of $16.32 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06. PTC Inc. has a 12-month low of $130.89 and a 12-month high of $219.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The company's fifty day moving average is $148.50 and its two-hundred day moving average is $166.71.

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus set a $180.00 price objective on PTC in a research note on Thursday, February 5th. BMO Capital Markets lowered their price objective on shares of PTC from $219.00 to $189.00 and set an "outperform" rating for the company in a research report on Thursday, February 5th. Weiss Ratings lowered shares of PTC from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, January 12th. Mizuho decreased their target price on PTC from $180.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, March 23rd. Finally, Rosenblatt Securities dropped their price target on PTC from $200.00 to $190.00 and set a "buy" rating on the stock in a research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.08.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 675 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the firm's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the completion of the transaction, the executive vice president owned 22,221 shares in the company, valued at $3,579,803.10. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

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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