Deutsche Bank AG Boosts Stake in PTC Inc. $PTC

Key Points

• Deutsche Bank increased its PTC stake by 13.3% in the second quarter, adding 87,908 shares to hold 747,936 shares worth approximately $85 million. Institutional investors collectively own 95.14% of PTC.
• Analyst sentiment remains mixed, with seven Buy, six Hold and one Sell rating. The consensus rating is Hold, with an average price target of $170.14; Barclays and BMO recently raised their targets, while Piper Sandler lowered its objective.
• PTC’s latest earnings slightly exceeded expectations at $1.58 per share, but quarterly revenue fell 6.8% year over year to $600.05 million, below estimates. Shares opened at $153.52, with a 52-week range of $108.50 to $217.64.

Deutsche Bank AG grew its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 13.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 747,936 shares of the technology company's stock after acquiring an additional 87,908 shares during the quarter. Deutsche Bank AG owned about 0.69% of PTC worth $84,973,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in PTC in the fourth quarter valued at approximately $27,000. Palladiem LLC acquired a new position in shares of PTC during the fourth quarter worth $28,000. DV Equities LLC purchased a new position in shares of PTC in the fourth quarter valued at $29,000. Cedar Mountain Advisors LLC purchased a new position in shares of PTC in the first quarter valued at $36,000. Finally, Rakuten Securities Inc. grew its holdings in PTC by 2,725.0% during the 4th quarter. Rakuten Securities Inc. now owns 226 shares of the technology company's stock valued at $39,000 after purchasing an additional 218 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on PTC. Weiss Ratings reiterated a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. 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. Wall Street Zen cut PTC from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Piper Sandler lowered their price objective 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, BMO Capital Markets lifted their price objective on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $170.14.

PTC Stock Performance

Shares of PTC stock opened at $153.52 on Friday. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.17 and a beta of 0.98. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The company's 50-day simple moving average is $128.39 and its 200-day simple moving average is $140.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03.

PTC (NASDAQ:PTC - Get Free Report) last announced 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. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. During the same period in the previous year, the company earned $1.64 earnings per share. PTC'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. Equities analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source