Man Group plc Buys New Position in PTC Inc. $PTC

Key Points

• Man Group plc bought 42,991 PTC shares worth approximately $4.9 million during the second quarter. Other major investors also initiated positions, and institutional investors now own 95.14% of the company.
• Analyst sentiment is mixed: PTC has a consensus “Hold” rating and an average price target of $170.14, despite seven Buy ratings and recent target-price revisions ranging from $130 to $170.
• PTC reported quarterly EPS of $1.58, slightly above estimates, but revenue fell 6.8% year over year to $600.05 million. Shares opened at $157.15, with a market capitalization of $17.05 billion.

Man Group plc purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 42,991 shares of the technology company's stock, valued at approximately $4,884,000.

Several other large investors also recently bought and sold shares of PTC. Jupiter Topco LLC purchased a new stake in shares of PTC during the second quarter valued at approximately $418,553,000. Hsbc Holdings PLC acquired a new position in shares of PTC during the second quarter worth $66,753,000. Canada Pension Plan Investment Board purchased a new position in shares of PTC in the second quarter valued at $9,880,000. Legal & General Group Plc purchased a new position in shares of PTC in the second quarter valued at $91,045,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in PTC during the 2nd quarter valued at $6,541,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on PTC shares. Piper Sandler cut their price objective on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus lowered their target price on PTC from $180.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Berenberg Bank set a $170.00 target price on PTC in a research report on Wednesday, May 27th. BNP Paribas Exane assumed coverage on 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 raised their price objective on PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Seven 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's stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of "Hold" and an average target price of $170.14.

PTC Price Performance

Shares of PTC stock opened at $157.15 on Monday. The firm has a market cap of $17.05 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.24 and a beta of 0.98. 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 $215.81. The firm has a fifty day moving average of $133.08 and a two-hundred day moving average of $140.14.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the prior year, the business posted $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 anticipate that PTC Inc. will post 6.51 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.