PTC Inc. $PTC Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management reduced its PTC position by 2.8% in the second quarter, selling 12,386 shares and retaining 428,833 shares valued at approximately $48.7 million. Institutional investors collectively own 95.14% of PTC.
• PTC reported quarterly EPS of $1.58, narrowly exceeding estimates, but revenue of $600.05 million fell short of expectations and declined 6.8% year over year. The stock opened at $149.75, down 2.7%.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $170.14.

TD Asset Management Inc reduced its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 428,833 shares of the technology company's stock after selling 12,386 shares during the period. TD Asset Management Inc owned about 0.37% of PTC worth $48,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Advisors LLC increased its holdings in PTC by 0.9% in the fourth quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock valued at $1,298,000 after buying an additional 65 shares during the last quarter. Allworth Financial LP lifted its holdings in PTC by 23.2% during the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company's stock worth $68,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in PTC by 12.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock worth $115,000 after buying an additional 75 shares during the last quarter. Empowered Funds LLC boosted its position in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock worth $387,000 after acquiring an additional 75 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of PTC by 14.9% in the 4th quarter. Huntington National Bank now owns 586 shares of the technology company's stock valued at $102,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Down 2.7%

PTC opened at $149.75 on Friday. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $16.25 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The business's 50-day simple moving average is $126.95 and its 200-day simple moving average is $140.58.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business's revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts anticipate that PTC Inc. will post 6.47 EPS for the current year.

Analyst Ratings Changes

PTC has been the topic of several research analyst reports. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. BNP Paribas Exane started coverage on shares of PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target on the stock. Stifel Nicolaus cut their price objective on shares of PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, BMO Capital Markets boosted their price objective on shares of PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $170.14.

About PTC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source