Impax Asset Management Group plc Has $128.33 Million Holdings in PTC Inc. $PTC

Impax Asset Management Group plc decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 22.0% in the 2nd quarter, Holdings Channel reports. The firm owned 751,122 shares of the technology company’s stock after selling 211,883 shares during the quarter. Impax Asset Management Group plc’s holdings in PTC were worth $128,333,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PTC. Motco acquired a new stake in shares of PTC during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new stake in PTC during the 1st quarter worth about $39,000. SVB Wealth LLC bought a new position in shares of PTC in the 1st quarter worth about $41,000. Finally, Assetmark Inc. raised its position 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 in the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities decreased their target price on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Barclays set a $233.00 price target on PTC in a report on Thursday, July 31st. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Robert W. Baird set a $255.00 target price on shares of PTC in a research report on Wednesday, October 22nd. Finally, Piper Sandler reduced their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and an average target price of $205.92.

PTC Stock Up 0.1%

Shares of NASDAQ PTC opened at $178.16 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The company has a 50-day moving average price of $200.53 and a 200-day moving average price of $190.51. The stock has a market capitalization of $21.34 billion, a P/E ratio of 42.02, a P/E/G ratio of 1.90 and a beta of 1.15. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $2.26 by $1.21. The business had revenue of $893.80 million for 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 firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.