Quantitative Investment Management LLC Has $2.04 Million Stock Holdings in PTC Inc. $PTC

Key Points

• Quantitative Investment Management LLC increased its PTC stake by 149.3% in the second quarter, owning 17,959 shares valued at approximately $2.04 million. Institutional investors collectively hold 95.14% of PTC’s outstanding stock.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six rate it Hold, and one rates it Sell. MarketBeat reports a consensus rating of Hold and an average price target of $170.14.
• PTC slightly exceeded quarterly EPS expectations, reporting $1.58 versus the $1.57 consensus, but revenue of $600.05 million missed estimates and declined 6.8% year over year.

Quantitative Investment Management LLC grew its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 149.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,959 shares of the technology company's stock after purchasing an additional 10,754 shares during the quarter. Quantitative Investment Management LLC's holdings in PTC were worth $2,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of PTC in the 4th quarter valued at about $27,000. Palladiem LLC acquired a new stake in PTC during the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in shares of PTC during the 4th quarter worth about $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC in the second quarter valued at approximately $30,000. Finally, Allworth Financial LP acquired a new position in PTC in the 2nd quarter valued at $32,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PTC shares. Barclays increased their target price on shares of PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. Citigroup boosted their price objective on PTC from $127.00 to $141.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Weiss Ratings restated a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd. Finally, BNP Paribas Exane initiated coverage on PTC in a research note on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PTC presently has a consensus rating of "Hold" and a consensus target price of $170.14.

PTC Stock Down 0.9%

Shares of PTC opened at $155.74 on Tuesday. The company has a market capitalization of $16.90 billion, a PE ratio of 15.06, a PEG ratio of 2.24 and a beta of 0.98. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $215.81. The stock's 50-day moving average price is $133.89 and its two-hundred day moving average price is $140.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The company had revenue of $600.05 million for 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 firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same period 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 anticipate that PTC Inc. will post 6.51 EPS for the current year.

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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