Commerce Bank Makes New $8.31 Million Investment in PTC Inc. $PTC

Commerce Bank bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 73,165 shares of the technology company’s stock, valued at approximately $8,312,000. Commerce Bank owned approximately 0.07% of PTC as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after buying an additional 602,858 shares during the last quarter. State Street Corp lifted its stake in PTC by 5.6% in the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after buying an additional 312,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock valued at $503,000,000 after acquiring an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of PTC by 17.8% in the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock valued at $499,525,000 after acquiring an additional 529,208 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

PTC stock opened at $154.68 on Monday. 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 business has a 50 day simple moving average of $129.21 and a 200-day simple moving average of $140.12. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. The stock has a market capitalization of $16.78 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

PTC (NASDAQ:PTC) last posted 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. The firm had revenue of $600.05 million for 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%. PTC’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts predict that PTC Inc. will post 6.51 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $198.00 target price on shares of PTC in a report on Thursday, May 7th. Piper Sandler decreased their price target 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. Stifel Nicolaus lowered their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Barclays lifted their price objective on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. 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. According to MarketBeat, the stock presently has a consensus 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.