Mitsubishi UFJ Trust & Banking Corp raised its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 42.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,253 shares of the technology company’s stock after buying an additional 37,620 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PTC were worth $14,344,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of PTC during the 2nd quarter worth approximately $613,000. 111 Capital acquired a new stake in shares of PTC in the 2nd quarter worth approximately $223,000. Caitong International Asset Management Co. Ltd purchased a new position in PTC in the 2nd quarter valued at approximately $132,000. Principal Financial Group Inc. increased its stake in PTC by 4.5% in the 2nd quarter. Principal Financial Group Inc. now owns 150,683 shares of the technology company’s stock valued at $17,119,000 after purchasing an additional 6,476 shares in the last quarter. Finally, Meyer Handelman Co. raised its holdings in PTC by 91.3% during the second quarter. Meyer Handelman Co. now owns 92,884 shares of the technology company’s stock worth $10,553,000 after purchasing an additional 44,340 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have commented on PTC shares. BNP Paribas Exane started coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price on the stock. Stifel Nicolaus dropped their price target on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of PTC in a research note on Thursday, July 30th. BMO Capital Markets boosted their price objective on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.14.
PTC Price Performance
Shares of NASDAQ:PTC opened at $149.75 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $126.95 and its two-hundred day moving average price is $140.58. The stock has a market cap of $16.25 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 2.15 and a beta of 0.98. PTC Inc. has a one year low of $108.50 and a one year high of $217.64.
PTC (NASDAQ:PTC – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The company had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, analysts forecast that PTC Inc. will post 6.51 EPS for the current fiscal 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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