PTC Inc. $PTC Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group cut its PTC stake by 65.7% in the second quarter, selling 77,572 shares and retaining 40,502 shares valued at approximately $4.6 million.
• PTC reported quarterly earnings of $1.58 per share, slightly beating estimates, but revenue of $600.05 million missed expectations and declined 6.8% year over year.
• Analyst sentiment is mixed, with PTC carrying an overall “Hold” rating and a consensus price target of $170.14; shares recently opened at $152.81.

Alyeska Investment Group L.P. lessened its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 65.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,502 shares of the technology company's stock after selling 77,572 shares during the period. Alyeska Investment Group L.P.'s holdings in PTC were worth $4,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company's stock valued at $3,202,720,000 after buying an additional 602,858 shares during the period. State Street Corp grew its holdings in PTC by 5.6% during the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company's stock worth $1,028,822,000 after acquiring an additional 312,000 shares during the period. Jupiter Topco LLC bought a new stake in PTC in the second quarter worth about $418,553,000. Geode Capital Management LLC lifted its holdings in PTC by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company's stock valued at $619,901,000 after acquiring an additional 71,181 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position 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 valued at $503,000,000 after purchasing an additional 11,278 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $152.81 on Wednesday. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $215.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock has a market cap of $16.58 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00. The business has a fifty day simple moving average of $134.70 and a 200-day simple moving average of $140.07.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 earnings per share. 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, sell-side analysts anticipate that PTC Inc. will post 6.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of PTC in a research note on Monday, August 3rd. Piper Sandler cut their target price on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets upped their target price on PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, Citigroup lifted their price target on PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PTC currently has an average rating of "Hold" and a consensus target price of $170.14.

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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