Jupiter Topco LLC Takes $418.55 Million Position in PTC Inc. $PTC

Key Points

• Jupiter Topco LLC acquired 3.68 million PTC shares worth approximately $418.6 million, representing about 3.4% of the company.
• Institutional investors own approximately 95.14% of PTC, while analysts maintain a consensus “Hold” rating with an average price target of $170.14.
• PTC narrowly exceeded quarterly EPS expectations at $1.58 but reported revenue of $600.1 million, down 6.8% year over year and below consensus estimates.

Jupiter Topco LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,684,121 shares of the technology company's stock, valued at approximately $418,553,000. Jupiter Topco LLC owned approximately 3.40% of PTC at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PTC. Strategic Advisors LLC grew its position in shares of 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 in the last quarter. Allworth Financial LP raised its holdings in PTC by 23.2% in the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after acquiring an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock valued at $115,000 after purchasing an additional 75 shares during the last quarter. Empowered Funds LLC increased its position 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 valued at $387,000 after purchasing an additional 75 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in PTC by 14.9% during the 4th quarter. Huntington National Bank now owns 586 shares of the technology company's stock worth $102,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. Barclays upped their price target on PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Weiss Ratings restated a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. Piper Sandler dropped their target price 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. BNP Paribas Exane started coverage on shares of PTC in a research report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price target for the company. Finally, Citigroup upped their price objective on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $170.14.

PTC Stock Performance

NASDAQ PTC opened at $151.14 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64. The business's 50-day moving average price is $130.65 and its 200 day moving average price is $140.15. The firm has a market cap of $16.40 billion, a P/E ratio of 14.62, a P/E/G ratio of 2.20 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 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 firm had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the prior year, the business earned $1.64 EPS. The firm's 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. On average, equities research analysts expect that PTC Inc. will post 6.51 earnings per share 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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