PTC Inc. $PTC Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 11,472.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,629 shares of the technology company’s stock after acquiring an additional 4,589 shares during the quarter. NewEdge Advisors LLC’s holdings in PTC were worth $660,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Axiom Investment Management LLC acquired a new stake in shares of PTC during the first quarter worth $59,000. Edgestream Partners L.P. increased its stake in PTC by 49.2% in the 1st quarter. Edgestream Partners L.P. now owns 16,433 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 5,416 shares in the last quarter. Janus Henderson Group PLC increased its stake in PTC by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares in the last quarter. Amundi raised its holdings in PTC by 151.9% during the 1st 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 period. Finally, EverSource Wealth Advisors LLC lifted its stake in PTC by 13.4% during the first quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock valued at $107,000 after buying an additional 89 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on PTC shares. Stifel Nicolaus decreased their target price 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 boosted their price target on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Barclays upped their price target on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Piper Sandler decreased their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.14.

PTC Trading Up 0.7%

NASDAQ:PTC opened at $153.52 on Friday. The stock has a market cap of $16.66 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $217.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50-day moving average is $128.39 and its two-hundred day moving average is $140.13.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. 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 research analysts forecast that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

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.