Hsbc Holdings PLC Purchases 231,563 Shares of PTC Inc. $PTC

Key Points

• Hsbc Holdings PLC increased its PTC stake by 65% in the second quarter, purchasing 231,563 additional shares for a total of 587,782 shares valued at approximately $66.8 million.
• Institutional ownership remains high at 95.14%, while several other investment firms—including North Star Asset Management and Lombard Odier—also established or expanded positions in PTC.
• Analysts maintain a mixed outlook, with an average rating of “Hold” and a $170.14 average price target. PTC slightly exceeded quarterly EPS estimates, but revenue declined 6.8% year over year to $600.05 million.

Hsbc Holdings PLC grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 65.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,782 shares of the technology company's stock after purchasing an additional 231,563 shares during the quarter. Hsbc Holdings PLC owned approximately 0.54% of PTC worth $66,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PTC. Lombard Odier Asset Management Europe Ltd bought a new stake in PTC during the 2nd quarter valued at approximately $3,482,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in PTC in the 2nd quarter worth approximately $57,000. Rakuten Investment Management Inc. bought a new position in PTC in the 2nd quarter worth approximately $2,175,000. North Star Asset Management Inc. purchased a new stake in PTC during the 2nd quarter valued at approximately $18,556,000. Finally, Empowered Funds LLC purchased a new stake in PTC during the 2nd quarter valued at approximately $661,000. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PTC shares. Citigroup boosted their target price on shares of PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. BMO Capital Markets raised their target price on shares of PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. BNP Paribas Exane started coverage on shares of PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target on the stock. Finally, Barclays increased their price objective on shares of PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $170.14.

PTC Stock Performance

Shares of NASDAQ PTC opened at $141.02 on Tuesday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $215.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50 day moving average is $137.23 and its two-hundred day moving average is $139.82. The stock has a market capitalization of $15.30 billion, a P/E ratio of 13.64, a PEG ratio of 1.93 and a beta of 1.00.

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 (EPS) 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 during the quarter, compared to analyst estimates of $611.62 million. During the same period last year, the company earned $1.64 EPS. The company's revenue for the quarter 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. As a group, research analysts expect that PTC Inc. will post 6.54 EPS for the current year.

PTC Profile

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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