Landscape Capital Management L.L.C. Purchases New Stake in PTC Inc. $PTC

Landscape Capital Management L.L.C. acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 19,647 shares of the technology company’s stock, valued at approximately $2,232,000.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 purchasing an additional 602,858 shares in the last quarter. State Street Corp grew its stake in shares of PTC by 5.6% during the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after purchasing an additional 312,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of PTC by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after purchasing an additional 71,181 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of PTC by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock valued at $503,000,000 after purchasing an additional 11,278 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake 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 purchasing an additional 529,208 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.8%

NASDAQ:PTC opened at $154.68 on Friday. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $129.21 and a 200-day simple moving average of $140.24. The company 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 issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same period in the prior year, the company earned $1.64 EPS. The firm’s revenue was down 6.8% on a year-over-year basis. 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 6.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on PTC. BNP Paribas Exane started coverage on shares of PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Stifel Nicolaus dropped 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. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Barclays boosted their price target on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.14.

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.