17,132 Shares in PTC Inc. $PTC Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 17,132 shares of PTC during the second quarter, valued at approximately $1.95 million. Institutional investors collectively own 95.14% of the company.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six rate it a Hold, and one rates it a Sell. The stock has an average rating of Hold and an average price target of $170.14.
• PTC’s latest quarterly earnings slightly exceeded expectations at $1.58 per share, although revenue of $600.05 million missed estimates and declined 6.8% year over year. Shares opened at $149.13, down 2.4%.

Corient Private Wealth LP purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,132 shares of the technology company's stock, valued at approximately $1,946,000.

A number of other institutional investors also recently bought and sold shares of PTC. Empowered Funds LLC increased its holdings in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock valued at $387,000 after acquiring an additional 75 shares during 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 worth $46,000 after purchasing an additional 76 shares during 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 worth $121,000 after purchasing an additional 287 shares during the last quarter. Cerity Partners LLC acquired a new position in PTC in the second quarter valued at approximately $257,000. Finally, Alliancebernstein L.P. boosted its holdings in PTC by 3.2% in the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company's stock valued at $22,915,000 after purchasing an additional 4,176 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PTC. BMO Capital Markets raised their price objective on shares of PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Berenberg Bank set a $170.00 target price on shares of PTC in a report on Wednesday, May 27th. Wall Street Zen cut shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Citigroup increased their target price on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus cut their price target on shares of PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, PTC presently has an average rating of "Hold" and an average price target of $170.14.

PTC Trading Down 2.4%

NASDAQ:PTC opened at $149.13 on Thursday. The company has a market capitalization of $16.18 billion, a PE ratio of 14.42, a P/E/G ratio of 2.09 and a beta of 1.00. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $215.49. The stock's 50 day moving average price is $135.43 and its 200 day moving average price is $140.06. 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 (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The company had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, research analysts anticipate that PTC Inc. will post 6.54 EPS for the current 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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