Korea Investment CORP acquired a new stake in PTC Inc. (NASDAQ:PTC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 49,506 shares of the technology company’s stock, valued at approximately $5,624,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Advisors LLC boosted its stake in PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 65 shares during the last quarter. Allworth Financial LP raised its position in shares of PTC by 23.2% in the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of PTC by 12.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock worth $115,000 after buying an additional 75 shares in the last quarter. Empowered Funds LLC boosted its position in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after acquiring an additional 75 shares during the last quarter. Finally, Huntington National Bank boosted its position in PTC by 14.9% during the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Piper Sandler cut their price target on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on PTC in a research report on Thursday, May 7th. Finally, Stifel Nicolaus lowered their price objective on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $170.14.
PTC Price Performance
Shares of PTC stock opened at $154.31 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $16.74 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The firm’s 50-day moving average is $130.00 and its two-hundred day moving average is $140.15. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64.
PTC (NASDAQ:PTC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts predict that PTC Inc. will post 6.51 earnings per share for the current year.
About PTC
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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