Bank of America Corp DE Buys Shares of 503,355 PTC Inc. $PTC

Key Points

• Bank of America acquired 503,355 shares of PTC during the second quarter, valued at approximately $57.2 million and representing about 0.46% of the company. Institutional investors collectively own 95.14% of PTC.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six rate it Hold and one rates it Sell. The consensus rating is Hold, with an average price target of $170.14.
• PTC slightly exceeded quarterly earnings expectations with $1.58 in adjusted EPS, but revenue fell 6.8% year over year to $600.05 million, below estimates. Shares opened at $135.89, well below their 52-week high of $208.00.

Bank of America Corp DE purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 503,355 shares of the technology company's stock, valued at approximately $57,186,000. Bank of America Corp DE owned about 0.46% of PTC as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Palladiem LLC acquired a new stake in PTC during the fourth quarter valued at $28,000. Cedar Mountain Advisors LLC acquired a new stake in PTC in the 1st quarter valued at about $36,000. Keating Financial Advisory Services Inc. acquired a new position in PTC during the second quarter worth $30,000. Allworth Financial LP purchased a new stake in shares of PTC in the second quarter valued at about $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in PTC in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PTC shares. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 target price on shares of PTC in a research report on Thursday, July 30th. Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Stifel Nicolaus cut their target price on PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. 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 price objective on the stock. Finally, Piper Sandler dropped their target price on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $170.14.

PTC Price Performance

PTC opened at $135.89 on Monday. 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 company has a market cap of $14.75 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a 50 day moving average price of $139.00 and a 200 day moving average price of $138.39. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $208.00.

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, topping the consensus estimate of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company's revenue was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Sell-side analysts expect that PTC Inc. will post 6.54 earnings per share for the current year.

PTC Company Profile

PTC Inc is a technology company that develops software for product design, engineering, manufacturing and service organizations. Its solutions help businesses create, manage and analyze product data throughout the product lifecycle, supporting collaboration from initial design through production and ongoing maintenance.

The company's portfolio includes Creo computer-aided design software, Windchill product lifecycle management software, and Onshape cloud-native product development tools.

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