PTC Inc. $PTC Position Increased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. boosted its holdings in PTC Inc. (NASDAQ:PTC) by 59.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,110 shares of the technology company’s stock after buying an additional 3,750 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in PTC were worth $1,149,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PTC. Empowered Funds LLC boosted its stake in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after acquiring an additional 75 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PTC by 68.7% during the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after purchasing an additional 287 shares during the period. Cerity Partners LLC purchased a new stake in shares of PTC during the second quarter valued at $257,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after purchasing an additional 4,176 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. BMO Capital Markets raised their target price on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Berenberg Bank set a $170.00 price target on shares of PTC in a report on Wednesday, May 27th. Finally, Citigroup raised their price objective on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PTC presently has a consensus rating of “Hold” and an average price target of $170.14.

PTC Price Performance

PTC opened at $149.75 on Monday. The stock has a fifty day moving average price of $126.95 and a 200 day moving average price of $140.40. 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 Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.14 and a beta of 0.98.

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