Danske Bank A S Invests $11.10 Million in PTC Inc. $PTC

Key Points

• Danske Bank A/S purchased 97,700 PTC shares worth approximately $11.1 million, establishing a position of about 0.09% in the company. Institutional investors collectively own 95.14% of PTC’s outstanding stock.
• Analyst sentiment is mixed: PTC has a consensus “Hold” rating from 14 analysts, with an average price target of $170.14. Recent actions included price-target reductions from Stifel and Piper Sandler, while Citigroup raised its target to $141.
• PTC reported quarterly EPS of $1.58, slightly ahead of estimates, but revenue of $600.05 million missed expectations and declined 6.8% year over year. Shares opened at $154.68, with a market capitalization of approximately $16.78 billion.

Danske Bank A S purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 97,700 shares of the technology company's stock, valued at approximately $11,100,000. Danske Bank A S owned approximately 0.09% of PTC at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Advisors LLC grew its position in PTC by 0.9% during the fourth quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock worth $1,298,000 after buying an additional 65 shares during the period. Allworth Financial LP raised its stake in PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in PTC by 12.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock worth $115,000 after acquiring an additional 75 shares during the last quarter. Empowered Funds LLC grew its stake in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock worth $387,000 after acquiring an additional 75 shares during the period. Finally, Huntington National Bank raised its holdings in PTC by 14.9% in the 4th quarter. Huntington National Bank now owns 586 shares of the technology company's stock valued at $102,000 after acquiring an additional 76 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PTC in a research report on Monday, August 3rd. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Stifel Nicolaus lowered their price objective on PTC from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Piper Sandler reduced their price target on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Finally, Citigroup raised their target price on PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PTC has a consensus rating of "Hold" and an average target price of $170.14.

PTC Stock Up 0.8%

NASDAQ PTC opened at $154.68 on Friday. 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 firm has a 50-day simple moving average of $129.21 and a 200 day simple moving average of $140.24. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64. The stock has a market cap of $16.78 billion, a PE ratio of 14.96, a PEG ratio of 2.19 and a beta of 0.98.

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 for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to analyst estimates 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 period in the prior 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. On average, research analysts forecast that PTC Inc. will post 6.51 EPS for the current year.

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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