Canada Pension Plan Investment Board Buys Shares of 86,962 PTC Inc. $PTC

Canada Pension Plan Investment Board purchased a new position in shares of PTC Inc. (NASDAQ:PTC) in the second quarter, HoldingsChannel.com reports. The fund purchased 86,962 shares of the technology company’s stock, valued at approximately $9,880,000.

Several other large investors have also made changes to their positions in PTC. Norges Bank bought a new position in PTC in the fourth quarter valued at approximately $295,399,000. Amundi lifted its stake in PTC by 151.9% during the first quarter. Amundi now owns 1,725,555 shares of the technology company’s stock worth $245,885,000 after purchasing an additional 1,040,656 shares during the last quarter. Legal & General Group Plc bought a new stake in PTC during the second quarter worth $91,045,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of PTC by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after purchasing an additional 602,858 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of PTC by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock valued at $499,525,000 after purchasing an additional 529,208 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PTC shares. Citigroup boosted their price target on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of PTC in a research report on Thursday, July 30th. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, BMO Capital Markets boosted their target price on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.14.

PTC Trading Down 1.1%

Shares of NASDAQ PTC opened at $157.15 on Friday. The stock has a market cap of $17.05 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $215.81. The firm has a 50 day moving average price of $133.08 and a two-hundred day moving average price of $140.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 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 business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same period in the prior year, the business posted $1.64 earnings per share. The firm’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. As a group, equities analysts forecast that PTC Inc. will post 6.51 EPS for the current year.

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.