PTC Inc. $PTC Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 16.0% in the second quarter, Holdings Channel.com reports. The fund owned 41,032 shares of the technology company’s stock after purchasing an additional 5,655 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in PTC were worth $4,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Raiffeisen Bank International AG lifted its stake in PTC by 34.6% during the second quarter. Raiffeisen Bank International AG now owns 10,992 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 2,824 shares in the last quarter. denkapparat Operations GmbH grew its stake in shares of PTC by 31.3% in the second quarter. denkapparat Operations GmbH now owns 11,486 shares of the technology company’s stock valued at $1,305,000 after buying an additional 2,740 shares in the last quarter. NEOS Investment Management LLC raised its holdings in shares of PTC by 22.1% in the 2nd quarter. NEOS Investment Management LLC now owns 21,073 shares of the technology company’s stock valued at $2,394,000 after buying an additional 3,818 shares during the period. AXQ Capital LP purchased a new stake in shares of PTC in the 2nd quarter valued at $670,000. Finally, iSAM Funds UK Ltd acquired a new position in PTC during the 2nd quarter worth about $341,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 6.0%

NASDAQ:PTC opened at $141.02 on Friday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.49. The firm has a market cap of $15.30 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.05 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. The stock has a fifty day moving average price of $136.68 and a 200 day moving average price of $140.02.

PTC (NASDAQ:PTC) last issued its quarterly 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 the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts anticipate 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 research analyst reports. Berenberg Bank set a $170.00 target price on PTC in a report on Wednesday, May 27th. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Stifel Nicolaus reduced their price target on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Piper Sandler lowered their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Barclays lifted their price objective on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.