UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in PTC Inc. $PTC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 14.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,122,548 shares of the technology company’s stock after selling 186,093 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PTC were worth $127,533,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in PTC in the fourth quarter valued at $295,399,000. Tensor Edge Capital LLC acquired a new stake in shares of PTC during the fourth quarter worth about $26,132,000. Forsta AP Fonden boosted its stake in shares of PTC by 62.2% during the fourth quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock worth $7,543,000 after buying an additional 16,600 shares during the period. Renaissance Technologies LLC grew its holdings in shares of PTC by 89.3% during the first quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock worth $55,443,000 after buying an additional 183,600 shares during the last quarter. Finally, Amundi grew its holdings in shares of 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 buying an additional 1,040,656 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PTC. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of PTC in a research note on Thursday, July 30th. BNP Paribas Exane began coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Finally, Barclays increased 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. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.14.

PTC Trading Down 1.9%

NASDAQ PTC opened at $152.81 on Wednesday. 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 stock has a market capitalization of $16.58 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.22 and a beta of 1.00. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $215.49. The firm has a 50-day moving average price of $134.70 and a 200 day moving average price of $140.07.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating 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 company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the previous year, the company earned $1.64 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities research analysts expect 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.