Johnson Investment Counsel Inc. Sells 7,899 Shares of PTC Inc. $PTC

Johnson Investment Counsel Inc. reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 63.9% during the third quarter, Holdings Channel reports. The institutional investor owned 4,463 shares of the technology company’s stock after selling 7,899 shares during the period. Johnson Investment Counsel Inc.’s holdings in PTC were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Norges Bank bought a new stake in PTC during the 2nd quarter worth approximately $155,673,000. CCLA Investment Management purchased a new stake in shares of PTC in the second quarter worth $94,629,000. Vanguard Group Inc. raised its position in shares of PTC by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after purchasing an additional 416,791 shares during the period. Lazard Asset Management LLC raised its position in shares of PTC by 31.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock valued at $266,715,000 after purchasing an additional 370,097 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of PTC by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock valued at $586,438,000 after buying an additional 265,558 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 240 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president directly owned 22,221 shares in the company, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the transaction, the executive vice president directly owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,517 shares of company stock worth $10,662,740. 0.29% of the stock is owned by insiders.

PTC Price Performance

Shares of PTC stock opened at $150.79 on Friday. The firm has a market cap of $17.94 billion, a PE ratio of 22.01, a PEG ratio of 2.54 and a beta of 1.03. The stock has a 50 day moving average of $168.13 and a 200 day moving average of $188.30. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Rosenblatt Securities cut their price target on PTC from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Wall Street Zen cut PTC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. BMO Capital Markets decreased their target price on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Oppenheimer dropped their price target on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, KeyCorp set a $210.00 price objective on shares of PTC in a report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $188.08.

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.