Nykredit A S bought a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,727 shares of the technology company's stock, valued at approximately $5,081,000.
Other hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in PTC during the 4th quarter valued at $27,000. Palladiem LLC purchased a new stake in PTC in the fourth quarter worth $28,000. DV Equities LLC purchased a new stake in PTC in the fourth quarter worth $29,000. Quarry LP lifted its position in shares of PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company's stock worth $41,000 after purchasing an additional 94 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of PTC during the first quarter worth $36,000. Institutional investors own 95.14% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on PTC shares. Barclays upped their price target on shares of PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Stifel Nicolaus dropped their target price on shares of PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of PTC in a research report on Thursday, June 18th. They set a "neutral" rating and a $130.00 target price on the stock. Finally, Piper Sandler decreased their price target on shares of PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $170.14.
Read Our Latest Research Report on PTC
PTC Price Performance
Shares of NASDAQ PTC opened at $141.02 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. The stock has a market capitalization of $15.30 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The stock's fifty day simple moving average is $136.68 and its two-hundred day simple moving average is $139.90. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.49.
PTC (NASDAQ:PTC - Get Free Report) last released 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 firm had revenue of $600.05 million during 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%.The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, analysts expect that PTC Inc. will post 6.54 EPS for the current fiscal year.
PTC Profile
(
Free Report)
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.
See Also
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