State Street Corp Grows Holdings in PTC Inc. $PTC

Key Points

• State Street increased its PTC stake by 10.2% in the second quarter, adding 596,955 shares to own 6.45 million shares valued at approximately $733 million, or 5.95% of the company. Institutional investors collectively own 95.14% of PTC.
• Analyst sentiment is mixed: seven analysts rate PTC a Buy, six a Hold and one a Sell, producing a consensus rating of Hold and an average price target of $170.14.
• PTC’s latest quarterly earnings slightly exceeded expectations at $1.58 per share, but revenue fell 6.8% year over year to $600.05 million, below estimates. Shares opened at $140.40, near their 50-day average.

State Street Corp boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,452,323 shares of the technology company's stock after acquiring an additional 596,955 shares during the period. State Street Corp owned 5.95% of PTC worth $733,048,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PTC. Palladiem LLC purchased a new position in shares of PTC during the 4th quarter valued at $28,000. Keating Financial Advisory Services Inc. purchased a new position in shares of PTC in the second quarter valued at about $30,000. Allworth Financial LP bought a new position in shares of PTC in the second quarter worth about $32,000. Integrated Wealth Concepts LLC bought a new position in shares of PTC in the second quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of PTC during the first quarter worth about $36,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTC. 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. Citigroup increased their price objective on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Stifel Nicolaus reduced their price objective 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. BNP Paribas Exane began coverage on shares of PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 target price on the stock. Finally, Piper Sandler decreased their price objective on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.14.

PTC Stock Up 0.3%

NASDAQ:PTC opened at $140.40 on Thursday. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. The stock has a fifty day simple moving average of $139.89 and a 200-day simple moving average of $137.86. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $206.82. 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 issued its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. During the same period in the previous year, the company posted $1.64 EPS. PTC's revenue was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts anticipate that PTC Inc. will post 6.54 EPS for the current year.

About PTC

PTC Inc is a technology company that develops software for product design, engineering, manufacturing and service organizations. Its solutions help businesses create, manage and analyze product data throughout the product lifecycle, supporting collaboration from initial design through production and ongoing maintenance.

The company's portfolio includes Creo computer-aided design software, Windchill product lifecycle management software, and Onshape cloud-native product development tools.

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