Wellington Management Group LLP Has $75.20 Million Stake in PTC Inc. $PTC

Key Points

• Wellington Management cut its PTC stake by 52.8% in the second quarter, selling 739,417 shares and retaining 661,891 shares valued at approximately $75.2 million. Institutional investors and hedge funds collectively own 95.14% of PTC.
• Analyst sentiment is mixed, with seven Buy, six Hold, and one Sell rating. The consensus rating is Hold, with 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 $149.13, while the stock’s 52-week range is $108.50 to $215.49.

Wellington Management Group LLP lessened its position in PTC Inc. (NASDAQ:PTC - Free Report) by 52.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 661,891 shares of the technology company's stock after selling 739,417 shares during the quarter. Wellington Management Group LLP owned approximately 0.61% of PTC worth $75,197,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of PTC in the second quarter valued at about $3,482,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in PTC in the 2nd quarter valued at $57,000. Rakuten Investment Management Inc. acquired a new stake in shares of PTC during the 2nd quarter worth about $2,175,000. North Star Asset Management Inc. acquired a new stake in PTC during the second quarter worth approximately $18,556,000. Finally, Empowered Funds LLC acquired a new stake in PTC during the 2nd quarter worth approximately $661,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PTC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Berenberg Bank set a $170.00 target price on PTC in a research report on Wednesday, May 27th. Piper Sandler decreased their target price on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Barclays boosted their price target on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $170.14.

PTC Trading Down 2.4%

PTC opened at $149.13 on Thursday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $215.49. The company has a market cap of $16.18 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. The company has a fifty day moving average price of $135.43 and a two-hundred day moving average price of $140.06. 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 results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $611.62 million. During the same period in the prior year, the business earned $1.64 EPS. The firm's revenue for the quarter 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 predict that PTC Inc. will post 6.54 EPS for the current fiscal 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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