Rep. Kevin Hern (R-OK) Sells PTC Stock

Oklahoma Congressman Kevin Hern sold shares of PTC Inc. (NasdaqGS: PTC) valued between $50,001 and $100,000 on September 9, 2026. The transaction was reported on September 25, 2026, and the stock was priced at $193.37 on the day of the trade.

Inside Kevin Hern's Trade

Hern's latest sale adds to his recent selling activity, which includes shares of three different companies. This marks a continued pattern of trades, as he previously sold shares in AIO, Rockwell Automation, and NextEra Energy, all around similar valuation ranges.

Other Institutional Activity in PTC

Several institutional investors have adjusted their stakes in PTC recently. T. Rowe Price Investment Management, Inc. cut its holdings by 6,061,476 shares, ending with 13,047,842 shares valued at about $2.52 billion. Blackrock Inc. decreased its position by 56,626 shares, with a total of 11,499,640 shares worth approximately $2.22 billion. Vanguard Capital Management LLC also reduced its stake by 184,870 shares, now holding 7,550,280 shares valued at around $1.46 billion. State Street Corporation, however, grew its holdings by 597,220 shares, bringing its total to 6,452,323 shares worth roughly $1.25 billion. Lastly, Vanguard Portfolio Management LLC reduced its stake by 142,083 shares, ending with 5,729,097 shares valued at about $1.11 billion.

PTC Inc. Stock Up 0.1%

PTC shares are currently priced at $193.37, which places them well above their 200-day moving average of $146.70. The stock has shown volatility, trading between $108.50 and $207.49 over the past year. This activity is notable against the backdrop of Hern's trades and the recent adjustments made by various institutional investors.

Recent Earnings

For the fiscal year ended September 30, 2025, PTC reported revenue of approximately $2.95 billion, reflecting a decline in revenue growth of 6.8%. Earnings per share (EPS) stood at $10.31, with a net margin of 41.43% and a return on equity (ROE) of 35.05%. The next earnings report is expected on November 11, 2026.

Analysts Set New Price Targets

On October 6, 2026, Citigroup maintained a Neutral rating on PTC with a price target of $205. Oppenheimer downgraded the stock to Perform, while Mizuho also maintained a Neutral rating with a target of $205. BMO Capital and Rosenblatt both downgraded their ratings to Market Perform and Neutral, respectively, with a target price of $205.

About PTC Inc.

PTC Inc. is a software company based in Boston, Massachusetts, specializing in technology solutions across various sectors. With a significant employee base of around 7,000, PTC serves markets in the Americas, Europe, and Asia Pacific. The company's focus on innovation positions it well in a competitive technology landscape, which is relevant to Hern's congressional district in Oklahoma.

Bottom Line

Kevin Hern's recent sale of PTC shares is part of a broader trend in his trading activities. As the stock continues to perform well above its 200-day average, investors will watch upcoming earnings, set for November 11, 2026, and any further trades from Hern that may indicate his stance on the company's prospects. Remember, this filing reflects holdings as of September 9, 2026, and may not represent Hern's current position.