The Manufacturers Life Insurance Company bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 57,571 shares of the technology company's stock, valued at approximately $6,541,000. The Manufacturers Life Insurance Company owned 0.05% of PTC as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of PTC in the 4th quarter worth $27,000. Palladiem LLC acquired a new position in PTC in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new position in shares of PTC during the 4th quarter worth about $29,000. Keating Financial Advisory Services Inc. bought a new stake in shares of PTC in the 2nd quarter valued at about $30,000. Finally, Allworth Financial LP acquired a new stake in shares of PTC in the 2nd quarter valued at approximately $32,000. Institutional investors own 95.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PTC. Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday, May 27th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price target on shares of PTC in a research report on Thursday, July 30th. BMO Capital Markets boosted their price target on shares of PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Citigroup upped their price objective on shares of PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, Barclays lifted their target price on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Seven research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $170.14.
Get Our Latest Report on PTC
PTC Price Performance
PTC stock opened at $157.15 on Monday. The stock has a market capitalization of $17.05 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $215.81. 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 company has a 50 day moving average of $133.08 and a 200-day moving average of $140.14.
PTC (NASDAQ:PTC - Get Free Report) last issued 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 business had revenue of $600.05 million for 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 firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business posted $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, equities research analysts anticipate that PTC Inc. will post 6.51 EPS for the current fiscal year.
PTC 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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