Legal & General Group Plc Buys 37,924 Shares of PTC Inc. $PTC

Legal & General Group Plc increased its position in PTC Inc. (NASDAQ:PTC) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 678,961 shares of the technology company’s stock after acquiring an additional 37,924 shares during the quarter. Legal & General Group Plc’s holdings in PTC were worth $118,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Star Asset Management Inc. lifted its holdings in PTC by 3.2% during the fourth quarter. North Star Asset Management Inc. now owns 160,978 shares of the technology company’s stock valued at $28,044,000 after purchasing an additional 5,040 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of PTC by 9.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,549 shares of the technology company’s stock worth $618,000 after purchasing an additional 315 shares during the period. MQS Management LLC purchased a new stake in shares of PTC in the fourth quarter worth $254,000. CFO4Life Group LLC purchased a new stake in shares of PTC in the fourth quarter worth $283,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of PTC by 12.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after purchasing an additional 75 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the completion of the sale, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by insiders.

PTC Stock Performance

PTC opened at $138.79 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 2.09 and a beta of 0.98. The company has a fifty day moving average of $141.90 and a 200 day moving average of $158.06. PTC Inc. has a fifty-two week low of $130.89 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. During the same quarter in the previous year, the company earned $1.79 EPS. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, sell-side analysts forecast that PTC Inc. will post 6.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

PTC has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 target price on shares of PTC in a report on Tuesday, May 5th. Stifel Nicolaus set a $180.00 price target on PTC in a report on Thursday, February 5th. Weiss Ratings downgraded PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays upped their price objective on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, 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. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average price target of $176.71.

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.