Korea Investment CORP purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 49,506 shares of the technology company's stock, valued at approximately $5,624,000.
A number of other institutional investors also recently bought and sold shares of PTC. Elyxium Wealth LLC purchased a new stake in shares of PTC in the 4th quarter valued at $27,000. Palladiem LLC purchased 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 during the fourth quarter worth $29,000. Keating Financial Advisory Services Inc. acquired a new position in PTC during the second quarter valued at $30,000. Finally, Allworth Financial LP acquired a new position in PTC during the second quarter valued at $32,000. 95.14% of the stock is owned by hedge funds and other institutional investors.
PTC Stock Performance
NASDAQ PTC opened at $154.31 on Tuesday. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.21 and a beta of 0.98. The stock has a 50-day moving average of $130.00 and a 200 day moving average of $140.15. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64.
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 analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business's revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Sell-side analysts anticipate that PTC Inc. will post 6.51 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on PTC shares. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Piper Sandler decreased their price objective on PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Wall Street Zen downgraded PTC from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Barclays raised their target price on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, BMO Capital Markets boosted their price target on PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $170.14.
Check Out Our Latest Analysis on PTC
About PTC
(
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.
See Also
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