National Pension Service Raises Position in PTC Inc. $PTC

Key Points

• National Pension Service increased its PTC stake by 33.5% in the second quarter, bringing its holdings to 40,800 shares valued at approximately $4.6 million. Institutional investors collectively own 95.14% of PTC.
• Analyst sentiment is mixed, with seven Buy ratings, six Holds, and one Sell. MarketBeat reports a consensus rating of Hold and an average price target of $170.14.
• PTC slightly exceeded quarterly earnings expectations with EPS of $1.58 versus $1.57 anticipated, but revenue fell 6.8% year over year to $600.05 million, below estimates.

National Pension Service lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 33.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,800 shares of the technology company's stock after purchasing an additional 10,231 shares during the quarter. National Pension Service's holdings in PTC were worth $4,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of PTC by 11,021.4% during the second quarter. California State Teachers Retirement System now owns 19,248,715 shares of the technology company's stock valued at $2,186,847,000 after acquiring an additional 19,075,637 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of PTC in the 2nd quarter valued at approximately $418,553,000. Norges Bank acquired a new stake in PTC in the 4th quarter worth approximately $295,399,000. Amundi boosted its stake in PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company's stock worth $245,885,000 after purchasing an additional 1,040,656 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in PTC during the 2nd quarter worth approximately $91,045,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PTC. Citigroup upped their price target 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. Piper Sandler dropped 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. Weiss Ratings reissued a "hold (c-)" rating on shares of PTC in a research report on Monday, August 3rd. BNP Paribas Exane began coverage on PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 target price for the company. Finally, Barclays lifted their price target on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $170.14.

PTC Stock Performance

PTC opened at $130.78 on Monday. 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 12-month low of $108.50 and a 12-month high of $208.56. The firm has a 50 day moving average of $138.01 and a two-hundred day moving average of $139.15. The firm has a market capitalization of $14.19 billion, a PE ratio of 12.65, a P/E/G ratio of 1.79 and a beta of 1.00.

PTC (NASDAQ:PTC - Get Free Report) last released 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. The business had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, analysts anticipate that PTC Inc. will post 6.54 EPS for the current year.

About PTC

PTC Inc is a technology company that develops software for product design, engineering, manufacturing and service organizations. Its solutions help businesses create, manage and analyze product data throughout the product lifecycle, supporting collaboration from initial design through production and ongoing maintenance.

The company's portfolio includes Creo computer-aided design software, Windchill product lifecycle management software, and Onshape cloud-native product development tools.

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