Flputnam Investment Management Co. lessened its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 97.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,869 shares of the technology company's stock after selling 82,955 shares during the period. Flputnam Investment Management Co.'s holdings in PTC were worth $212,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of 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 buying an additional 75 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock valued at $46,000 after buying an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company's stock valued at $121,000 after buying an additional 287 shares in the last quarter. Cerity Partners LLC bought a new stake in PTC in the second quarter valued at $257,000. Finally, Alliancebernstein L.P. grew its position in PTC by 3.2% in the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company's stock valued at $22,915,000 after acquiring an additional 4,176 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on PTC shares. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Barclays upped their target price on shares of PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Citigroup lifted their price target on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $170.14.
Check Out Our Latest Stock Report on PTC
PTC Trading Up 0.3%
Shares of PTC opened at $146.48 on Wednesday. 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 company has a market cap of $15.89 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.14 and a beta of 0.98. The stock has a fifty day moving average price of $127.34 and a two-hundred day moving average price of $140.16. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64.
PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The company had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. During the same period last year, the company posted $1.64 earnings per share. The firm's quarterly revenue 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. Analysts predict that PTC Inc. will post 6.51 EPS for the current fiscal year.
PTC Profile
(
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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