Public Employees Retirement System of Ohio Makes New $4.23 Million Investment in PTC Inc. $PTC

Key Points

• Public Employees Retirement System of Ohio acquired 37,268 PTC shares worth approximately $4.23 million in the second quarter. Institutional investors now own 95.14% of the company.
• PTC reported quarterly EPS of $1.58, narrowly beating estimates of $1.57, while revenue of $600.05 million fell short of expectations and declined 6.8% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $170.14, compared with PTC’s recent share price of $150.08.

Public Employees Retirement System of Ohio acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,268 shares of the technology company's stock, valued at approximately $4,234,000.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of PTC in the fourth quarter valued at approximately $295,399,000. Tensor Edge Capital LLC bought a new stake in PTC during the 4th quarter worth approximately $26,132,000. Renaissance Technologies LLC increased its holdings in PTC by 89.3% during the 1st quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company's stock valued at $55,443,000 after purchasing an additional 183,600 shares in the last quarter. Forsta AP Fonden raised its position in PTC by 62.2% in the 4th quarter. Forsta AP Fonden now owns 43,300 shares of the technology company's stock valued at $7,543,000 after purchasing an additional 16,600 shares during the last quarter. Finally, SCS Capital Management LLC bought a new position in PTC in the 2nd quarter valued at $37,912,000. Institutional investors own 95.14% of the company's stock.

PTC Trading Up 0.6%

PTC stock opened at $150.08 on Friday. The company has a quick ratio of 1.03, a current 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 $215.49. The company has a market cap of $16.29 billion, a P/E ratio of 14.51, a PEG ratio of 2.04 and a beta of 1.00. The business has a fifty day moving average of $136.18 and a 200-day moving average of $140.01.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly 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 business had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities research analysts expect that PTC Inc. will post 6.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PTC shares. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Piper Sandler reduced their price target 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. Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday, May 27th. Finally, Barclays raised their price objective on shares of PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, PTC currently has a consensus rating of "Hold" and an average price target of $170.14.

PTC 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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