California Public Employees Retirement System Sells 75,404 Shares of PTC Inc. $PTC

California Public Employees Retirement System cut its holdings in PTC Inc. (NASDAQ:PTC) by 16.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379,375 shares of the technology company’s stock after selling 75,404 shares during the quarter. California Public Employees Retirement System’s holdings in PTC were worth $77,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of PTC by 17.5% in the 3rd quarter. Bank of America Corp DE now owns 638,368 shares of the technology company’s stock valued at $129,602,000 after purchasing an additional 95,041 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of PTC during the third quarter valued at approximately $1,182,000. Ampersand Capital Group L.P. boosted its stake in shares of PTC by 3.5% during the third quarter. Ampersand Capital Group L.P. now owns 193,555 shares of the technology company’s stock valued at $39,296,000 after purchasing an additional 6,500 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in PTC during the third quarter valued at approximately $9,208,000. Finally, Ameriprise Financial Inc. increased its holdings in PTC by 214.1% during the third quarter. Ameriprise Financial Inc. now owns 82,818 shares of the technology company’s stock valued at $16,813,000 after buying an additional 56,451 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 analyst reports. Stifel Nicolaus set a $180.00 target price on PTC in a report on Thursday, February 5th. Wall Street Zen downgraded PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Oppenheimer reduced their price target on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets decreased their price objective on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Rosenblatt Securities dropped their price objective on PTC from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $188.08.

PTC Stock Performance

Shares of PTC opened at $155.94 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The firm has a market cap of $18.56 billion, a PE ratio of 22.76, a P/E/G ratio of 2.55 and a beta of 1.03. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock has a fifty day moving average price of $160.32 and a 200-day moving average price of $179.86.

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

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 240 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

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.