Victory Capital Management Inc. Has $15.33 Million Position in PTC Inc. $PTC

Victory Capital Management Inc. lessened its holdings in PTC Inc. (NASDAQ:PTC) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,490 shares of the technology company’s stock after selling 11,983 shares during the period. Victory Capital Management Inc. owned 0.06% of PTC worth $15,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 111 Capital acquired a new position in shares of PTC in the third quarter valued at $387,000. Elo Mutual Pension Insurance Co lifted its stake in shares of PTC by 14.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 12,966 shares of the technology company’s stock worth $2,632,000 after buying an additional 1,644 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of PTC by 23.9% during the 3rd quarter. Fisher Asset Management LLC now owns 114,766 shares of the technology company’s stock worth $23,300,000 after buying an additional 22,139 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of PTC by 3.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 40,389 shares of the technology company’s stock worth $8,200,000 after buying an additional 1,216 shares during the period. Finally, Huntington National Bank grew its stake in PTC by 24.4% in the 3rd quarter. Huntington National Bank now owns 510 shares of the technology company’s stock valued at $104,000 after buying an additional 100 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Down 2.4%

Shares of NASDAQ PTC opened at $159.52 on Wednesday. The stock has a market capitalization of $18.98 billion, a P/E ratio of 23.29, a PEG ratio of 2.67 and a beta of 1.03. The stock’s fifty day moving average is $161.59 and its 200 day moving average is $181.48. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The firm had revenue of $685.83 million for the quarter, compared to the consensus estimate of $635.44 million. PTC had a net margin of 28.86% and a return on equity of 24.63%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PTC. Stifel Nicolaus set a $180.00 price objective on shares of PTC in a research report on Thursday, February 5th. Rosenblatt Securities dropped their price target on PTC from $220.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Citigroup reduced their price target on PTC from $181.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. KeyCorp set a $210.00 price objective on PTC in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada reduced their target price on shares of PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Eleven equities 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. According to MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $188.08.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the sale, the executive vice president owned 22,221 shares of the company’s stock, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.