PTC Inc. $PTC Shares Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 59.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,110 shares of the technology company’s stock after purchasing an additional 3,750 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in PTC were worth $1,149,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its stake in PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after buying an additional 602,858 shares during the period. State Street Corp grew its position in PTC by 5.6% during the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after buying an additional 312,000 shares during the period. Geode Capital Management LLC raised its position in shares of PTC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after purchasing an additional 71,181 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of PTC by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in PTC by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

PTC opened at $149.75 on Monday. The business has a 50 day moving average price of $126.95 and a two-hundred day moving average price of $140.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $217.64.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same period last year, the firm 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. Research analysts predict that PTC Inc. will post 6.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Piper Sandler decreased their target price on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. Finally, BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Seven investment 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.