Meyer Handelman Co. Grows Stock Position in PTC Inc. $PTC

Meyer Handelman Co. increased its stake in shares of PTC Inc. (NASDAQ:PTC) by 91.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,884 shares of the technology company’s stock after purchasing an additional 44,340 shares during the quarter. Meyer Handelman Co.’s holdings in PTC were worth $10,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in PTC by 0.7% in the 2nd quarter. Vontobel Holding Ltd. now owns 202,624 shares of the technology company’s stock valued at $23,020,000 after buying an additional 1,492 shares during the period. Tema ETFs LLC lifted its stake in shares of PTC by 8.1% in the 2nd quarter. Tema ETFs LLC now owns 3,878 shares of the technology company’s stock worth $441,000 after acquiring an additional 290 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of PTC by 9.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 36,600 shares of the technology company’s stock worth $4,158,000 after acquiring an additional 3,200 shares during the period. Czech National Bank boosted its holdings in shares of PTC by 1.4% in the second quarter. Czech National Bank now owns 32,877 shares of the technology company’s stock valued at $3,735,000 after acquiring an additional 469 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of PTC by 12.5% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,860 shares of the technology company’s stock valued at $2,143,000 after acquiring an additional 2,100 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ PTC opened at $149.75 on Friday. The firm has a market capitalization of $16.25 billion, a P/E ratio of 14.48, a PEG ratio of 2.21 and a beta of 0.98. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The company’s fifty day moving average is $126.95 and its two-hundred day moving average is $140.58. 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 posted 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. The business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts forecast that PTC Inc. will post 6.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PTC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Citigroup raised their price objective on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Thursday, July 30th. Finally, BMO Capital Markets increased 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $170.14.

About PTC

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.