Nordea Investment Management AB Buys 55,485 Shares of PTC Inc. $PTC

Nordea Investment Management AB lifted its position in PTC Inc. (NASDAQ:PTC) by 25.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 269,396 shares of the technology company’s stock after purchasing an additional 55,485 shares during the period. Nordea Investment Management AB’s holdings in PTC were worth $47,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of PTC during the third quarter worth $30,000. SJS Investment Consulting Inc. increased its position in shares of PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 158 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in PTC during the 4th quarter worth $35,000. Versant Capital Management Inc raised its stake in PTC by 37.6% during the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after buying an additional 53 shares during the period. Finally, Quarry LP lifted its holdings in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

PTC has been the subject of several recent analyst reports. Stifel Nicolaus set a $180.00 price target on PTC in a report on Thursday, February 5th. Oppenheimer decreased their price objective on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. KeyCorp lowered their target price on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. BMO Capital Markets dropped their target price on shares of PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, Citigroup cut their price target on shares of PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.08.

Insider Activity

In related news, Director Corinna Lathan sold 675 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the transaction, the executive vice president owned 22,221 shares of the company’s stock, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

PTC Stock Down 0.4%

Shares of PTC stock opened at $149.23 on Tuesday. The firm’s fifty day moving average price is $158.08 and its two-hundred day moving average price is $177.67. 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 1 year low of $133.38 and a 1 year high of $219.69. The firm has a market capitalization of $17.76 billion, a P/E ratio of 21.79, a PEG ratio of 2.55 and a beta of 1.03.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The company had revenue of $685.83 million during 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 company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, equities analysts predict that PTC Inc. will post 4.46 EPS 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.