Railway Pension Investments Ltd Increases Stake in PTC Inc. $PTC

Railway Pension Investments Ltd grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 1,421.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,626 shares of the technology company's stock after purchasing an additional 219,200 shares during the period. Railway Pension Investments Ltd owned about 0.22% of PTC worth $26,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its holdings in PTC by 3.1% in the first 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock valued at $46,000 after purchasing an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company's stock worth $121,000 after purchasing an additional 287 shares during the period. Cerity Partners LLC acquired a new position in PTC in the 2nd quarter worth about $257,000. Finally, Alliancebernstein L.P. boosted its position in PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company's stock worth $22,915,000 after purchasing an additional 4,176 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Down 0.9%

NASDAQ PTC opened at $155.74 on Tuesday. The business's fifty day simple moving average is $133.89 and its 200-day simple moving average is $140.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The firm has a market cap of $16.90 billion, a PE ratio of 15.06, a P/E/G ratio of 2.24 and a beta of 0.98. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $215.81.

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 for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior 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, equities analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Piper Sandler reduced their target price on PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Stifel Nicolaus cut their price target on shares of PTC from $180.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, July 30th. BNP Paribas Exane began coverage on shares of PTC in a report on Thursday, June 18th. They set a "neutral" rating and a $130.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. Finally, Citigroup raised their price target 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. Seven investment 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, PTC currently has a consensus rating of "Hold" and an average target price 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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