North Star Asset Management Inc. Takes Position in PTC Inc. $PTC

Key Points

• North Star Asset Management acquired 163,332 shares of PTC worth approximately $18.6 million, representing a 0.15% stake. Institutional investors collectively own 95.14% of the company.
• Analyst sentiment is mixed, with seven Buy, six Hold, and one Sell rating; the consensus rating is Hold with a $170.14 price target.
• PTC recently beat quarterly earnings expectations with EPS of $1.58 versus $1.57 estimated, though revenue declined 6.8% year over year to $600.05 million.

North Star Asset Management Inc. bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 163,332 shares of the technology company's stock, valued at approximately $18,556,000. North Star Asset Management Inc. owned 0.15% of PTC as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in PTC in the fourth quarter valued at $27,000. Palladiem LLC purchased a new position in shares of PTC during the 4th quarter valued at about $28,000. DV Equities LLC purchased a new position in shares of PTC during the 4th quarter valued at about $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC in the 2nd quarter valued at about $30,000. Finally, Allworth Financial LP purchased a new stake in shares of PTC in the second quarter worth about $32,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Weiss Ratings restated a "hold (c-)" rating on shares of PTC in a research report on Monday, August 3rd. Berenberg Bank set a $170.00 price objective on shares of PTC in a research note on Wednesday, May 27th. Citigroup lifted their target price on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $190.00 price target on shares of PTC in a report on Thursday, July 30th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $170.14.

PTC Stock Performance

NASDAQ PTC opened at $158.95 on Friday. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 2.16 and a beta of 0.98. The stock has a 50-day moving average of $132.23 and a 200 day moving average of $140.16. 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 issued 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 company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company 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.

PTC Company 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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