Bank of Nova Scotia Buys New Position in PTC Inc. $PTC

Key Points

• Bank of Nova Scotia acquired 14,053 shares of PTC in the second quarter, worth approximately $1.6 million. Institutional investors collectively own 95.14% of the company.
• PTC’s latest quarterly results slightly exceeded earnings expectations, with EPS of $1.58 versus the $1.57 consensus, but revenue fell 6.8% year over year to $600.05 million.
• Shares opened at $151.61, while analysts maintain a consensus “Hold” rating and an average price target of $170.14; ratings include seven Buys, six Holds, and one Sell.

Bank of Nova Scotia bought a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,053 shares of the technology company's stock, valued at approximately $1,597,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in shares of PTC during the fourth quarter worth approximately $27,000. Palladiem LLC acquired a new stake in shares of PTC in the fourth quarter worth $28,000. DV Equities LLC bought a new position in PTC during the fourth quarter worth $29,000. Keating Financial Advisory Services Inc. bought a new position in PTC during the second quarter worth $30,000. Finally, Allworth Financial LP acquired a new position in PTC during the 2nd quarter valued at $32,000. 95.14% of the stock is owned by institutional investors.

PTC Trading Up 0.3%

Shares of PTC stock opened at $151.61 on Thursday. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64. The firm has a market capitalization of $16.45 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The company's fifty day moving average price is $131.35 and its two-hundred day moving average price is $140.14.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the firm earned $1.64 EPS. The firm's revenue for the quarter 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. On average, analysts expect that PTC Inc. will post 6.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PTC shares. BNP Paribas Exane assumed coverage on shares of PTC in a research report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target on the stock. Berenberg Bank set a $170.00 price objective on shares of PTC in a research report on Wednesday, May 27th. Piper Sandler decreased their target price on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings restated a "hold (c-)" rating on shares of PTC in a research note on Monday, August 3rd. Finally, BMO Capital Markets upped their price target on PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Seven 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. Based on data from MarketBeat, PTC presently has an average 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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