Continuum Advisory LLC increased its position in PTC Inc. (NASDAQ:PTC – Free Report) by 1,127.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,996 shares of the technology company’s stock after buying an additional 31,227 shares during the quarter. Continuum Advisory LLC’s holdings in PTC were worth $3,862,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of PTC during the 4th quarter valued at approximately $27,000. Palladiem LLC acquired a new stake in shares of PTC in the 4th quarter valued at about $28,000. DV Equities LLC bought a new position in shares of PTC during the fourth quarter worth about $29,000. Cedar Mountain Advisors LLC bought a new stake in PTC in the first quarter valued at about $36,000. Finally, Rakuten Securities Inc. increased its holdings in PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after buying an additional 218 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PTC has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Stifel Nicolaus cut their target price on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Piper Sandler decreased their target price on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Barclays upped their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Citigroup raised their price target on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $170.14.
PTC Stock Performance
NASDAQ:PTC opened at $149.75 on Monday. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.14 and a beta of 0.98. The business has a fifty day moving average of $126.95 and a 200-day moving average of $140.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03.
PTC (NASDAQ:PTC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts predict that PTC Inc. will post 6.51 earnings per share for the current year.
PTC Company 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.
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