Canada Pension Plan Investment Board purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 86,962 shares of the technology company's stock, valued at approximately $9,880,000. Canada Pension Plan Investment Board owned approximately 0.08% of PTC as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of PTC in the 4th quarter valued at approximately $27,000. Palladiem LLC acquired a new position in PTC during the fourth quarter worth $28,000. DV Equities LLC acquired a new position in PTC during the fourth quarter worth $29,000. Quarry LP raised its position in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company's stock worth $41,000 after acquiring an additional 94 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in PTC during the first quarter worth $36,000. Institutional investors and hedge funds own 95.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Wall Street Zen downgraded PTC from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Berenberg Bank set a $170.00 price objective on shares of PTC in a research report on Wednesday, May 27th. BNP Paribas Exane began coverage on shares of PTC in a research note on Thursday, June 18th. They set a "neutral" rating and a $130.00 target price for the company. Finally, Piper Sandler lowered their price target 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. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PTC has an average rating of "Hold" and an average price target of $170.14.
Get Our Latest Stock Analysis on PTC
PTC Stock Down 1.1%
Shares of PTC opened at $157.15 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $215.81. The firm's 50 day moving average is $133.08 and its 200-day moving average is $140.28. The stock has a market capitalization of $17.05 billion, a PE ratio of 15.20, a P/E/G ratio of 2.24 and a beta of 0.98.
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, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities research analysts forecast that PTC Inc. will post 6.51 EPS for the current year.
About PTC
(
Free Report)
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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