Rakuten Investment Management Inc. Makes New $2.17 Million Investment in PTC Inc. $PTC

Rakuten Investment Management Inc. bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,093 shares of the technology company’s stock, valued at approximately $2,175,000.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in PTC during the fourth quarter worth $295,399,000. Tensor Edge Capital LLC bought a new stake in PTC during the 4th quarter valued at $26,132,000. Renaissance Technologies LLC increased its holdings in shares of PTC by 89.3% in the 1st quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock valued at $55,443,000 after acquiring an additional 183,600 shares during the period. Forsta AP Fonden increased its holdings in shares of PTC by 62.2% in the 4th quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock valued at $7,543,000 after acquiring an additional 16,600 shares during the period. Finally, Amundi raised its position in shares of PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock worth $245,885,000 after acquiring an additional 1,040,656 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PTC. Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Berenberg Bank set a $170.00 target price on PTC in a research note on Wednesday, May 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of PTC in a report on Thursday, July 30th. Citigroup increased their price target on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Stock Performance

Shares of PTC stock opened at $157.15 on Monday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.81. The business’s fifty day simple moving average is $133.08 and its 200-day simple moving average is $140.14. 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 company 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 posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The firm had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter last year, the firm earned $1.64 EPS. The business’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. Analysts expect that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

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.