Caisse de depot et placement du Quebec bought a new stake in shares of PTC Inc. (NASDAQ:PTC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 130,954 shares of the technology company’s stock, valued at approximately $14,878,000. Caisse de depot et placement du Quebec owned about 0.12% of PTC as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PTC. Empowered Funds LLC increased its stake in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in PTC by 68.7% during the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after buying an additional 287 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of PTC in the second quarter worth about $257,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of PTC by 3.2% in the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after buying an additional 4,176 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on PTC. Robert W. Baird set a $198.00 price target on shares of PTC in a report on Thursday, May 7th. Berenberg Bank set a $170.00 price objective on shares of PTC in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. BMO Capital Markets boosted their target price on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Citigroup increased their target price on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Seven 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.14.
PTC Trading Down 1.1%
NASDAQ:PTC opened at $157.15 on Friday. The stock has a market cap of $17.05 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $215.81. 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 stock’s 50-day moving average is $133.08 and its two-hundred day moving average is $140.28.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities research analysts forecast that PTC Inc. will post 6.51 earnings per share for the current fiscal 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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