Principal Financial Group Inc. Acquires 6,476 Shares of PTC Inc. $PTC

Principal Financial Group Inc. raised its holdings in PTC Inc. (NASDAQ:PTC) by 4.5% in the second quarter, Holdings Channel.com reports. The fund owned 150,683 shares of the technology company’s stock after acquiring an additional 6,476 shares during the quarter. Principal Financial Group Inc.’s holdings in PTC were worth $17,119,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in PTC during the fourth quarter worth $27,000. Palladiem LLC bought a new stake in PTC during the fourth quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of PTC in the fourth quarter valued at about $29,000. Cedar Mountain Advisors LLC acquired a new stake in shares of PTC in the first quarter valued at about $36,000. Finally, Rakuten Securities Inc. increased its stake 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 purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on PTC shares. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Stifel Nicolaus cut their price target on 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 increased their price objective on PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Citigroup raised their price objective on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.14.

PTC Stock Down 2.7%

Shares of PTC opened at $149.75 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $126.95 and a 200-day simple moving average of $140.58. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $217.64. The firm has a market capitalization of $16.25 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.21 and a beta of 0.98.

PTC (NASDAQ:PTC) last released its 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. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, equities research analysts expect that PTC Inc. will post 6.47 earnings per share for the current year.

PTC Company 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.