Westport Asset Management Inc. Invests $3.53 Million in PTC Inc. $PTC

Westport Asset Management Inc. acquired a new stake in PTC Inc. (NASDAQ:PTC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,100 shares of the technology company’s stock, valued at approximately $3,533,000. PTC accounts for 1.4% of Westport Asset Management Inc.’s portfolio, making the stock its 24th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in PTC in the 4th quarter worth approximately $27,000. Palladiem LLC purchased a new position in shares of PTC during the 4th quarter valued at $28,000. DV Equities LLC purchased a new position in shares of PTC during the 4th quarter valued at $29,000. Cedar Mountain Advisors LLC bought a new position in shares of PTC in the first quarter worth $36,000. Finally, Rakuten Securities Inc. raised its position in shares of PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $152.44 on Thursday. The stock has a market cap of $16.54 billion, a PE ratio of 14.74, a PEG ratio of 2.09 and a beta of 0.98. The company’s fifty day moving average is $127.68 and its 200 day moving average is $140.15. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $217.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the firm posted $1.64 earnings per share. 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 anticipate that PTC Inc. will post 6.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTC has been the subject of several research analyst reports. Citigroup lifted their price objective on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. BNP Paribas Exane began coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Finally, BMO Capital Markets upped their price objective on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.