30,651 Shares in PTC Inc. $PTC Purchased by Lombard Odier Asset Management Europe Ltd

Key Points

• Lombard Odier Asset Management Europe Ltd bought 30,651 PTC shares worth approximately $3.48 million in the second quarter. Institutional investors and hedge funds collectively own 95.14% of PTC’s outstanding stock.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six rate it Hold, and one rates it Sell. The stock has an average target price of $170.14.
• PTC’s latest quarterly earnings slightly exceeded expectations at $1.58 per share, but revenue fell 6.8% year over year to $600.05 million, below estimates. Shares recently opened at $157.15, with a 12-month range of $108.50 to $215.81.

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,651 shares of the technology company's stock, valued at approximately $3,482,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisors LLC increased its position in PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock worth $1,298,000 after purchasing an additional 65 shares during the period. Allworth Financial LP lifted its holdings in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after buying an additional 74 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of PTC by 12.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock valued at $115,000 after buying an additional 75 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of PTC by 3.1% in the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock valued at $387,000 after buying an additional 75 shares in the last quarter. Finally, Huntington National Bank grew its holdings in PTC by 14.9% during the fourth quarter. Huntington National Bank now owns 586 shares of the technology company's stock worth $102,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird set a $198.00 target price on PTC in a report on Thursday, May 7th. BMO Capital Markets upped their price target on shares of PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Stifel Nicolaus reduced their price objective on shares of PTC from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday, May 27th. 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. According to data from MarketBeat.com, PTC presently has an average rating of "Hold" and an average target price of $170.14.

PTC Stock Performance

Shares of PTC opened at $157.15 on Friday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.81. The stock has a market cap of $17.05 billion, a P/E ratio of 15.20, a PEG ratio of 2.27 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $133.08 and a two-hundred day moving average of $140.28.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same period in the prior year, the business earned $1.64 earnings per share. The company's quarterly 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. As a group, research analysts predict that PTC Inc. will post 6.51 EPS 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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