Bank of New York Mellon Corp Sells 68,077 Shares of PTC Inc. $PTC

Bank of New York Mellon Corp cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 594,896 shares of the technology company's stock after selling 68,077 shares during the period. Bank of New York Mellon Corp owned about 0.55% of PTC worth $67,586,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of PTC by 3.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company's stock worth $3,202,720,000 after purchasing an additional 602,858 shares during the period. State Street Corp raised its position in shares of PTC by 5.6% during the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company's stock valued at $1,028,822,000 after purchasing an additional 312,000 shares during the period. Geode Capital Management LLC raised its position in shares of PTC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company's stock valued at $619,901,000 after purchasing an additional 71,181 shares during the period. Janus Henderson Group PLC lifted its stake in shares of PTC by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company's stock valued at $503,000,000 after buying an additional 11,278 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company's stock valued at $499,525,000 after buying an additional 529,208 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Trading Down 2.1%

Shares of PTC stock opened at $151.14 on Wednesday. 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 stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $217.64. The stock's 50-day moving average price is $130.65 and its 200-day moving average price is $140.15.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $600.05 million for 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%.The company's revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities research analysts predict that PTC Inc. will post 6.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of PTC in a research note on Monday, August 3rd. Stifel Nicolaus lowered their price objective 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 began coverage on PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price objective for the company. BMO Capital Markets increased their target price on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Finally, Barclays lifted their target price on PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $170.14.

About PTC

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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