PTC Inc. $PTC Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 494.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,668 shares of the technology company’s stock after acquiring an additional 23,012 shares during the quarter. Van ECK Associates Corp’s holdings in PTC were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in PTC during the 4th quarter worth $27,000. Palladiem LLC purchased a new position in shares of PTC in the 4th quarter valued at about $28,000. DV Equities LLC purchased a new position in shares of PTC in the 4th quarter valued at about $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC during the second quarter worth about $30,000. Finally, Allworth Financial LP purchased a new stake in shares of PTC during the second quarter worth approximately $32,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Up 0.6%

PTC stock opened at $150.08 on Friday. The stock has a market cap of $16.29 billion, a P/E ratio of 14.51, a PEG ratio of 2.04 and a beta of 1.00. 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 twelve month low of $108.50 and a twelve month high of $215.49. The company’s 50 day moving average is $136.18 and its two-hundred day moving average is $140.01.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The firm had revenue of $600.05 million for 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%. PTC’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the business earned $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. Research analysts expect that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTC has been the subject of a number of recent research reports. Berenberg Bank set a $170.00 price target on shares of PTC in a research note on Wednesday, May 27th. Stifel Nicolaus reduced their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock 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 note on Saturday, June 27th. Piper Sandler dropped their target price on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, BMO Capital Markets raised their price target on PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. 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 company. According to MarketBeat, the company currently has an average 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.