Paradigm Capital Management Inc. NY Buys New Position in PTC Inc. $PTC

Key Points

• Paradigm Capital Management initiated a position in PTC during the second quarter, purchasing 30,000 shares valued at approximately $3.4 million. Institutional investors and hedge funds collectively own 95.14% of PTC.
• PTC reported quarterly EPS of $1.58, slightly ahead of estimates, but revenue of $600.05 million missed expectations and declined 6.8% year over year.
• Analyst sentiment is mixed: PTC has a consensus “Hold” rating and an average price target of $170.14, while shares recently opened at $154.31.

Paradigm Capital Management Inc. NY purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the technology company's stock, valued at approximately $3,408,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of PTC during the 4th quarter valued at about $27,000. Palladiem LLC bought a new stake in shares of PTC in the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new stake in PTC during the fourth quarter valued at approximately $29,000. Quarry LP lifted its stake in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company's stock valued at $41,000 after purchasing an additional 94 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in PTC during the first quarter worth approximately $36,000. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Down 0.2%

Shares of NASDAQ:PTC opened at $154.31 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $16.74 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $217.64. The firm has a 50 day simple moving average of $130.00 and a 200 day simple moving average of $140.15.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (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 the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company's revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, research analysts expect that PTC Inc. will post 6.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on PTC in a research report on Thursday, May 7th. Berenberg Bank set a $170.00 price objective on PTC in a research note on Wednesday, May 27th. Piper Sandler decreased their target price on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Finally, Citigroup boosted their target price on PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Seven investment 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. Based on data from MarketBeat.com, PTC presently has a consensus rating of "Hold" and a consensus target price 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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