Hsbc Holdings PLC Acquires Shares of 587,782 PTC Inc. $PTC

Key Points

• HSBC Holdings PLC acquired 587,782 shares of PTC worth approximately $66.8 million, giving it a 0.54% stake. Institutional investors collectively own 95.14% of PTC.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six a Hold and one a Sell, producing a consensus Hold rating and a $170.14 average price target.
• PTC beat quarterly earnings expectations with $1.58 in adjusted EPS, but revenue of $600.05 million declined 6.8% year over year and fell short of forecasts.

Hsbc Holdings PLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 587,782 shares of the technology company's stock, valued at approximately $66,753,000. Hsbc Holdings PLC owned 0.54% of PTC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. raised its holdings in PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company's stock valued at $3,202,720,000 after buying an additional 602,858 shares during the last quarter. State Street Corp grew its holdings in PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company's stock worth $1,028,822,000 after acquiring an additional 312,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company's stock valued at $619,901,000 after acquiring an additional 71,181 shares during the period. Janus Henderson Group PLC increased its position in shares of PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company's stock valued at $503,000,000 after acquiring an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake 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 valued at $499,525,000 after acquiring an additional 529,208 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PTC. Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Barclays upped their price target on PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Citigroup lifted their price objective on PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Finally, Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Seven research 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. According to MarketBeat, PTC currently has a consensus rating of "Hold" and a consensus price target of $170.14.

PTC Price Performance

PTC stock opened at $151.61 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The firm has a 50-day moving average of $131.35 and a 200 day moving average of $140.14. The company has a market cap of $16.45 billion, a P/E ratio of 14.66, a PEG ratio of 2.16 and a beta of 0.98.

PTC (NASDAQ:PTC - Get Free Report) last posted 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 business had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. During the same period in the previous year, the firm posted $1.64 EPS. The business's 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, sell-side 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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