Van ECK Associates Corp Grows Stock Position in PTC Inc. $PTC

Key Points

• Van ECK Associates increased its PTC stake by 494.2% in the second quarter, adding 23,012 shares to hold 27,668 shares worth approximately $3.14 million. Institutional investors collectively own 95.14% of PTC.
• PTC reported quarterly EPS of $1.58, slightly exceeding estimates, but revenue fell 6.8% year over year to $600.05 million and missed expectations. The company projected fiscal 2026 EPS of $7.87–$8.42.
• Analyst sentiment is mixed, with seven Buy, six Hold, and one Sell rating; the stock has an overall “Hold” consensus and a $170.14 average price target versus its recent $150.08 opening price.

Van ECK Associates Corp boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 494.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,668 shares of the technology company's stock after acquiring an additional 23,012 shares during the period. Van ECK Associates Corp's holdings in PTC were worth $3,143,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in PTC during the fourth quarter worth $27,000. Palladiem LLC acquired a new position in shares of PTC in the 4th quarter valued at $28,000. DV Equities LLC purchased a new position in shares of PTC during the 4th quarter worth $29,000. Keating Financial Advisory Services Inc. purchased a new position in shares of PTC during the 2nd quarter worth $30,000. Finally, Allworth Financial LP acquired a new stake in shares of PTC during the 2nd quarter worth about $32,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Price Performance

PTC stock opened at $150.08 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $16.29 billion, a PE ratio of 14.51, a P/E/G ratio of 2.04 and a beta of 1.00. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.49. The business's fifty day moving average price is $136.18 and its 200 day moving average price is $140.01.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts anticipate that PTC Inc. will post 6.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PTC shares. Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Piper Sandler lowered their target price on shares of PTC from $175.00 to $157.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of PTC in a research report on Monday, August 3rd. Robert W. Baird set a $198.00 price target on shares of PTC in a research note on Thursday, May 7th. Finally, BNP Paribas Exane started coverage on shares of PTC in a report on Thursday, June 18th. They issued a "neutral" rating and a $130.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $170.14.

PTC Company 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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