PTC Inc. $PTC Stake Increased by Saudi Central Bank

Saudi Central Bank increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 89.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,330 shares of the technology company’s stock after buying an additional 3,941 shares during the quarter. Saudi Central Bank’s holdings in PTC were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PTC. Norges Bank purchased a new position in PTC during the fourth quarter valued at $295,399,000. Tensor Edge Capital LLC purchased a new stake in shares of PTC during the fourth quarter worth about $26,132,000. Forsta AP Fonden raised its position in shares of PTC by 62.2% during the 4th quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock worth $7,543,000 after purchasing an additional 16,600 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of PTC by 89.3% during the 1st quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock worth $55,443,000 after purchasing an additional 183,600 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new position in PTC in the 2nd quarter valued at about $37,912,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PTC. BNP Paribas Exane initiated coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Barclays raised their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Stifel Nicolaus dropped their price target on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Finally, Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Trading Down 3.3%

Shares of PTC stock opened at $128.89 on Thursday. The stock has a 50-day simple moving average of $137.80 and a 200 day simple moving average of $139.48. The stock has a market capitalization of $13.99 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.82 and a beta of 1.00. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $208.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the previous year, the business posted $1.64 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. 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, sell-side analysts expect that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

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.