Headlands Technologies LLC Acquires Shares of 24,097 PTC Inc. $PTC

Headlands Technologies LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,097 shares of the technology company’s stock, valued at approximately $2,738,000.

Several other institutional investors have also bought and sold shares of the stock. Strategic Advisors LLC lifted its holdings in shares of PTC by 0.9% during the fourth quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 65 shares during the period. Allworth Financial LP grew its holdings in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock worth $68,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock worth $115,000 after purchasing an additional 75 shares during the last quarter. Empowered Funds LLC increased its position 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 purchasing an additional 75 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in PTC by 14.9% during the 4th quarter. Huntington National Bank now owns 586 shares of the technology company’s stock valued at $102,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Piper Sandler reduced their price target on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane started coverage on shares of PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price for the company. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.14.

PTC Price Performance

Shares of PTC stock opened at $157.15 on Monday. The firm’s 50 day moving average price is $133.08 and its two-hundred day moving average price is $140.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $215.81. The stock has a market cap of $17.05 billion, a PE ratio of 15.20, a PEG ratio of 2.24 and a beta of 0.98.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.58 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 during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the previous year, the company posted $1.64 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that PTC Inc. will post 6.51 EPS for the current 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.