PTC Inc. $PTC Shares Sold by First National Bank of Omaha

Key Points

• First National Bank of Omaha cut its PTC stake by 33.7% in the second quarter, selling 25,287 shares and retaining 49,659 shares valued at approximately $5.6 million. Institutional investors collectively own 95.14% of PTC.
• Analyst views remain mixed, with seven Buy, six Hold and one Sell rating. PTC has a consensus rating of Hold and an average price target of $170.14.
• PTC narrowly exceeded quarterly EPS expectations at $1.58, but revenue of $600.05 million fell short of estimates and declined 6.8% year over year. The stock opened at $146.48, compared with a 52-week range of $108.50 to $217.64.

First National Bank of Omaha decreased its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 33.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,659 shares of the technology company's stock after selling 25,287 shares during the period. First National Bank of Omaha's holdings in PTC were worth $5,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in PTC in the fourth quarter valued at $295,399,000. Amundi lifted its position in PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company's stock valued at $245,885,000 after purchasing an additional 1,040,656 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in PTC by 3.4% during the 4th 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 purchasing an additional 602,858 shares during the period. Pictet Asset Management Holding SA grew its position in PTC by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company's stock worth $499,525,000 after purchasing an additional 529,208 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company's stock valued at $94,570,000 after purchasing an additional 417,130 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PTC has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price objective on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target for the company. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on shares of PTC in a report on Thursday, May 7th. Finally, Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $170.14.

PTC Price Performance

NASDAQ:PTC opened at $146.48 on Wednesday. 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 business's 50-day moving average price is $127.34 and its 200 day moving average price is $140.16. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64. The firm has a market cap of $15.89 billion, a P/E ratio of 14.17, a PEG ratio of 2.14 and a beta of 0.98.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data 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. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. During the same quarter last year, the firm posted $1.64 EPS. The business's revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, sell-side analysts predict that PTC Inc. will post 6.51 earnings per share 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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