Westport Asset Management Inc. Invests $3.53 Million in PTC Inc. $PTC

Westport Asset Management Inc. bought a new position in PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,100 shares of the technology company’s stock, valued at approximately $3,533,000. PTC accounts for about 1.4% of Westport Asset Management Inc.’s holdings, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Advisors LLC grew its holdings in PTC by 0.9% in the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65 shares during the last quarter. Allworth Financial LP raised its stake in shares of PTC by 23.2% during the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after acquiring an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of PTC by 12.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after acquiring an additional 75 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of PTC by 14.9% during the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after purchasing an additional 76 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Up 4.1%

NASDAQ:PTC opened at $152.44 on Thursday. The company has a 50-day moving average price of $127.68 and a 200-day moving average price of $140.15. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.09 and a beta of 0.98. 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 12 month low of $108.50 and a 12 month high of $217.64.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the previous year, the company earned $1.64 earnings per share. PTC’s quarterly 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. Equities analysts predict that PTC Inc. will post 6.51 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PTC. Stifel Nicolaus cut their target price on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane initiated coverage on PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective for the company. Robert W. Baird set a $198.00 price objective on PTC in a report on Thursday, May 7th. Citigroup lifted 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. Finally, Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average 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.