Eagle Capital Management 13F: Cuts PTC Stake by $206M

Eagle Capital Management cut its stake in PTC, reducing its holdings by 1,738,303 shares. This significant move brought its total holdings down to 731,625 shares, representing a 70% decrease. The value of Eagle's position in PTC now stands at approximately $86.6 million, according to the latest SEC filing reflecting holdings as of the reporting period.

What Changed in Eagle Capital Management's PTC Position

Eagle Capital Management's latest filing shows a substantial reduction in its PTC holdings. The fund previously held 2,469,928 shares but trimmed this by 1,738,303 shares, marking a 70% decrease. The remaining 731,625 shares are valued at about $86.6 million.

Other Institutional Activity in PTC

Several other funds also made adjustments to their PTC positions. T. Rowe Price Investment Management increased its holdings by 724,665 shares, ending with 19,108,911 shares valued at approximately $2.72 billion. BlackRock added 146,966 shares, bringing its total to 11,555,780 shares worth about $1.65 billion. Meanwhile, State Street Corp slightly reduced its holdings by 50,277 shares to a total of 5,855,368 shares, valued at roughly $834 million. Geode Capital Management also increased its stake, adding 100,696 shares to reach 3,671,236 shares, valued at around $523 million.

PTC Inc. Stock Down 38.7%

PTC shares are trading near $118.39. The company's stock has seen a 52-week low of $102.00 and a high of $150.50. It has a 50-day moving average of $120.50 and a 200-day moving average of $125.00. These metrics provide a snapshot of PTC's recent performance in the market.

Insider Buying and Selling at PTC Inc.

Recent insider activity at PTC includes several transactions by Alice Christenson, the Chief Accounting Officer. On May 12, 2026, Christenson sold 816 shares at an average price of $145.83. Earlier, on May 7, 2026, she bought 1,186 shares at no reported price and sold 370 shares at $147.65. Corinna Lathan sold 675 shares on March 16, 2026, at $157.24.

Analysts Set New Price Targets

Analyst firms have maintained their ratings on PTC with new price targets. On May 8, 2026, Citigroup maintained a 'hold' rating with a price target of $155. Barclays maintained a 'buy' rating with a $185 target on May 7, 2026. Rosenblatt also maintained a 'buy' rating with a $190 target on May 5, 2026. The consensus recommendation is a 'buy', with a mean target price of $170 from multiple analysts.

About PTC

PTC is a technology company that provides software solutions for product lifecycle management, Internet of Things, and augmented reality. The company serves a variety of industries, helping businesses optimize their product development and operational processes. Headquartered in Boston, PTC supports innovation and efficiency across its global client base.

Bottom Line

Eagle Capital Management's decision to cut its PTC stake by over 70% is a notable move in the investment community. Investors often track such changes to gauge institutional sentiment toward a company. It's important to remember that 13F filings are backward-looking and may not reflect current positions. As PTC continues to trade, both institutional activity and analyst ratings will play a role in shaping investor perspectives.