Mitsubishi UFJ Asset Management Co. Ltd. Buys 32,730 Shares of PTC Inc. $PTC

Key Points

• Mitsubishi UFJ Asset Management increased its PTC stake by 11% in the second quarter, buying 32,730 shares and bringing its holdings to 331,324 shares valued at approximately $37.6 million.
• PTC beat quarterly EPS expectations slightly, reporting $1.58 versus the $1.57 consensus, but revenue fell 6.8% year over year to $600.05 million and missed estimates.
• Analyst sentiment is mixed: PTC has an average “Hold” rating and a consensus price target of $170.14, compared with its reported opening price of $152.44.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,324 shares of the technology company's stock after acquiring an additional 32,730 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.31% of PTC worth $37,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PTC. Empowered Funds LLC lifted its holdings in PTC by 3.1% during 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. Geneos Wealth Management Inc. grew its stake in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock worth $46,000 after buying an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in PTC by 68.7% during the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company's stock worth $121,000 after buying an additional 287 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of PTC during the second quarter worth approximately $257,000. Finally, Alliancebernstein L.P. increased its holdings in shares of PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company's stock worth $22,915,000 after buying an additional 4,176 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Performance

PTC stock opened at $152.44 on Thursday. 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 1 year low of $108.50 and a 1 year high of $217.64. The company has a market cap of $16.54 billion, a PE ratio of 14.74, a PEG ratio of 2.09 and a beta of 0.98. The company's 50-day moving average is $127.68 and its two-hundred day moving average is $140.15.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. PTC's revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $198.00 price target on PTC in a report on Thursday, May 7th. Wall Street Zen downgraded PTC from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. BMO Capital Markets boosted their price objective on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Citigroup increased their target price on PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $170.14.

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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