NEOS Investment Management LLC Buys 3,818 Shares of PTC Inc. $PTC

NEOS Investment Management LLC raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,073 shares of the technology company’s stock after buying an additional 3,818 shares during the period. NEOS Investment Management LLC’s holdings in PTC were worth $2,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PTC. AXQ Capital LP bought a new stake in shares of PTC in the second quarter worth $670,000. iSAM Funds UK Ltd purchased a new position in PTC in the second quarter worth about $341,000. Continuum Advisory LLC boosted its position in PTC by 1,127.7% in the second quarter. Continuum Advisory LLC now owns 33,996 shares of the technology company’s stock worth $3,862,000 after purchasing an additional 31,227 shares during the last quarter. Nykredit A S bought a new stake in shares of PTC during the 2nd quarter valued at about $5,081,000. Finally, Keeler Thomas Management LLC grew its stake in shares of PTC by 19.6% during the 2nd quarter. Keeler Thomas Management LLC now owns 21,948 shares of the technology company’s stock valued at $2,494,000 after purchasing an additional 3,597 shares during the period. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

NASDAQ PTC opened at $141.02 on Tuesday. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $215.49. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.93 and a beta of 1.00. The company’s 50 day moving average is $137.23 and its two-hundred day moving average is $139.82. The company has a current ratio of 1.03, a quick 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 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 company’s revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $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, research analysts anticipate that PTC Inc. will post 6.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PTC shares. Berenberg Bank set a $170.00 price objective on shares of PTC in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BMO Capital Markets upped their target price on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Piper Sandler dropped their price target on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. Seven 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.