Nykredit A S Acquires New Position in PTC Inc. $PTC

Key Points

• Nykredit A/S acquired 36,960 shares of PTC during the second quarter, valued at approximately $4.2 million. Institutional investors and hedge funds collectively own 95.14% of PTC’s outstanding stock.
• PTC shares opened at $140, with a market capitalization of approximately $15.19 billion. The company’s latest quarterly earnings slightly exceeded estimates, but revenue fell 6.8% year over year to $600.05 million.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six a Hold and one a Sell, resulting in a consensus Hold rating and an average price target of $170.14.

Nykredit A S acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,960 shares of the technology company's stock, valued at approximately $4,199,000.

A number of other large investors have also recently modified their holdings of PTC. Palladiem LLC bought a new stake in shares of PTC during the 4th quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC during the second quarter worth $30,000. Allworth Financial LP bought a new position in shares of PTC in the 2nd quarter valued at $32,000. Cedar Mountain Advisors LLC acquired a new stake in shares of PTC during the 1st quarter valued at $36,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of PTC during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Up 3.5%

Shares of NASDAQ PTC opened at $140.00 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The firm has a market cap of $15.19 billion, a PE ratio of 13.54, a P/E/G ratio of 1.85 and a beta of 1.00. The company's fifty day simple moving average is $139.55 and its 200 day simple moving average is $138.03. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $207.49.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm 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 earned $1.64 earnings per share. The business's quarterly revenue was down 6.8% compared to the same quarter last year. 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, sell-side analysts forecast that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. 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 target on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Piper Sandler cut their target price on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane started coverage on shares of PTC in a report on Thursday, June 18th. They set a "neutral" rating and a $130.00 target price on the stock. Finally, Rosenblatt Securities restated a "buy" rating and issued a $190.00 price target on shares of PTC in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $170.14.

PTC Company Profile

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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