333,702 Shares in PTC Inc. $PTC Purchased by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired 333,702 shares of PTC, worth approximately $37.9 million, giving it a 0.31% stake and making PTC its 20th-largest holding.
• PTC’s latest quarterly results slightly exceeded EPS expectations at $1.58, but revenue fell 6.8% year over year to $600.05 million, below estimates.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $170.14; targets range from $130 to $190.

SCS Capital Management LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 333,702 shares of the technology company's stock, valued at approximately $37,912,000. PTC comprises approximately 0.4% of SCS Capital Management LLC's holdings, making the stock its 20th largest position. SCS Capital Management LLC owned approximately 0.31% of PTC as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in shares of PTC during the 4th quarter worth approximately $27,000. Palladiem LLC bought a new position in shares of PTC during the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of PTC in the fourth quarter valued at $29,000. Cedar Mountain Advisors LLC purchased a new position in shares of PTC in the first quarter valued at $36,000. Finally, Rakuten Securities Inc. increased its position in PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company's stock worth $39,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

NASDAQ:PTC opened at $149.75 on Friday. The stock's fifty day moving average is $126.95 and its 200 day moving average is $140.58. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $217.64. The firm has a market capitalization of $16.25 billion, a PE ratio of 14.48, a PEG ratio of 2.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03.

PTC (NASDAQ:PTC - Get Free Report) last issued 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 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% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PTC. BMO Capital Markets upped their price target 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. Wall Street Zen cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Piper Sandler reduced their target price on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Rosenblatt Securities restated a "buy" rating and set a $190.00 target price on shares of PTC in a research report on Thursday, July 30th. Finally, BNP Paribas Exane began coverage on shares of PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target for the company. Seven equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $170.14.

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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