Resona Asset Management Co. Ltd. Purchases 6,489 Shares of PTC Inc. $PTC

Resona Asset Management Co. Ltd. raised its position in shares of PTC Inc. (NASDAQ:PTC) by 15.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,257 shares of the technology company’s stock after purchasing an additional 6,489 shares during the period. Resona Asset Management Co. Ltd.’s holdings in PTC were worth $8,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTC. Motco bought a new position in shares of PTC during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC during the first quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new position in shares of PTC during the first quarter worth approximately $39,000. SVB Wealth LLC purchased a new position in shares of PTC during the first quarter worth approximately $41,000. Finally, Assetmark Inc. lifted its holdings in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after acquiring an additional 207 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

NASDAQ:PTC opened at $176.11 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $202.62 and its 200 day simple moving average is $189.95. The stock has a market cap of $21.10 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, November 5th. The technology company reported $3.47 EPS for the quarter, topping the consensus estimate of $2.26 by $1.21. The firm had revenue of $893.80 million during the quarter, compared to analysts’ expectations of $752.05 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. As a group, research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Rosenblatt Securities reduced their price objective on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. BMO Capital Markets lowered their target price on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.92.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.