Daiichi Life Insurance Co. Ltd. acquired 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 acquired 49,943 shares of the technology company's stock, valued at approximately $5,674,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in PTC by 3.4% in the 4th 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 acquiring an additional 602,858 shares during the period. State Street Corp raised its stake in shares of PTC by 5.6% during the fourth 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 lifted its position in shares of PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company's stock worth $619,901,000 after purchasing an additional 71,181 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of PTC by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company's stock worth $503,000,000 after purchasing an additional 11,278 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of PTC by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company's stock worth $499,525,000 after purchasing an additional 529,208 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.
PTC Stock Up 0.8%
PTC stock opened at $154.68 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. The firm has a 50 day simple moving average of $129.21 and a 200-day simple moving average of $140.24. The company has a market capitalization of $16.78 billion, a P/E ratio of 14.96, a PEG ratio of 2.21 and a beta of 0.98. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64.
PTC (NASDAQ:PTC - Get Free Report) last posted 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. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. During the same period in the prior year, the company posted $1.64 earnings per share. The firm's quarterly revenue was down 6.8% on a year-over-year basis. 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, equities research analysts predict that PTC Inc. will post 6.51 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
PTC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Piper Sandler lowered their target price on PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Finally, Barclays lifted their target price on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $170.14.
Read Our Latest Stock Analysis on PTC
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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