BlackRock Inc. lowered its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,499,640 shares of the technology company's stock after selling 56,140 shares during the quarter. BlackRock Inc. owned about 10.60% of PTC worth $1,306,474,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PTC. Strategic Advisors LLC increased its holdings in PTC by 0.9% in the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock valued at $1,298,000 after purchasing an additional 65 shares in the last quarter. Allworth Financial LP grew its stake in shares of PTC by 23.2% in the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after buying an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of PTC by 12.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company's stock valued at $115,000 after buying an additional 75 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock valued at $387,000 after buying an additional 75 shares during the period. Finally, Huntington National Bank raised its holdings in shares of PTC by 14.9% during the 4th quarter. Huntington National Bank now owns 586 shares of the technology company's stock valued at $102,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.
PTC Stock Performance
PTC stock opened at $153.52 on Friday. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $217.64. 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 cap of $16.66 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The stock has a 50 day moving average of $128.39 and a 200-day moving average of $140.13.
PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business's revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, analysts expect that PTC Inc. will post 6.51 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on PTC. Piper Sandler decreased their price target on PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They set a "neutral" rating and a $130.00 price objective on the stock. Citigroup upped their target price 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. Barclays raised their price target on shares of PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Finally, BMO Capital Markets lifted their price target on shares of PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research note 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $170.14.
Check Out Our Latest Report on PTC
PTC Company 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.
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