Railway Pension Investments Ltd boosted its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 1,421.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 234,626 shares of the technology company’s stock after purchasing an additional 219,200 shares during the period. Railway Pension Investments Ltd’s holdings in PTC were worth $26,656,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in PTC in the 4th quarter valued at approximately $295,399,000. Tensor Edge Capital LLC acquired a new stake in shares of PTC in the 4th quarter valued at approximately $26,132,000. Forsta AP Fonden grew its holdings in PTC by 62.2% during the fourth quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock worth $7,543,000 after acquiring an additional 16,600 shares during the period. Renaissance Technologies LLC raised its position in PTC by 89.3% in the first quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock worth $55,443,000 after acquiring an additional 183,600 shares in the last quarter. Finally, Amundi lifted its holdings in PTC by 151.9% in the first quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after acquiring an additional 1,040,656 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on PTC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price on the stock. Robert W. Baird set a $198.00 price target on shares of PTC in a research report on Thursday, May 7th. Piper Sandler lowered their price target on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Stifel Nicolaus reduced 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. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.14.
PTC Price Performance
PTC stock opened at $155.74 on Tuesday. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $215.81. 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 stock’s 50 day moving average price is $133.89 and its 200 day moving average price is $140.09. The firm has a market cap of $16.90 billion, a P/E ratio of 15.06, a PEG ratio of 2.24 and a beta of 0.98.
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 the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, sell-side analysts expect that PTC Inc. will post 6.51 earnings per share for the current fiscal year.
PTC 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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