Freestone Grove Partners LP purchased a new stake in PTC Inc. (NASDAQ:PTC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 377,748 shares of the technology company’s stock, valued at approximately $42,916,000.
Several other institutional investors have also recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in PTC during the 4th quarter worth $27,000. Palladiem LLC acquired a new stake in shares of PTC in the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in shares of PTC during the fourth quarter worth $29,000. Keating Financial Advisory Services Inc. bought a new stake in shares of PTC during the second quarter worth $30,000. Finally, Allworth Financial LP acquired a new position in shares of PTC during the second quarter valued at $32,000. Institutional investors own 95.14% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on PTC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Stifel Nicolaus dropped their price objective on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Barclays upped their target price on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday, May 27th. 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 company. According to MarketBeat, PTC has an average rating of “Hold” and a consensus price target of $170.14.
PTC Stock Up 0.3%
Shares of PTC stock opened at $151.61 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. The business has a fifty day simple moving average of $131.35 and a 200 day simple moving average of $140.14. The stock has a market cap of $16.45 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98.
PTC (NASDAQ:PTC – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating 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 business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the prior year, the company posted $1.64 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Research analysts predict that PTC Inc. will post 6.51 EPS 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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