Mitsubishi UFJ Asset Management Co. Ltd. Has $37.64 Million Stake in PTC Inc. $PTC

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,324 shares of the technology company’s stock after buying an additional 32,730 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PTC were worth $37,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Strategic Advisors LLC boosted its stake in PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65 shares during the last quarter. Allworth Financial LP increased its stake in PTC by 23.2% in the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after purchasing an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in PTC by 12.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after purchasing an additional 75 shares in the last quarter. Empowered Funds LLC raised its holdings in PTC by 3.1% in the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares during the period. Finally, Huntington National Bank raised its holdings in PTC by 14.9% in the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after purchasing an additional 76 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PTC. Stifel Nicolaus decreased their price target on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 30th. BMO Capital Markets lifted their target price on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Barclays lifted their target price on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Finally, Citigroup increased 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. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PTC has an average rating of “Hold” and a consensus price target of $170.14.

PTC Stock Up 4.1%

Shares of PTC stock opened at $152.44 on Thursday. The business’s 50 day simple moving average is $127.68 and its 200 day simple moving average is $140.15. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64. The firm has a market cap of $16.54 billion, a PE ratio of 14.74, a P/E/G ratio of 2.09 and a beta of 0.98. 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 released 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 firm had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the prior year, the firm posted $1.64 EPS. The business’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, analysts predict that PTC Inc. will post 6.51 earnings per share for the current fiscal 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.