SCS Capital Management LLC Makes New $37.91 Million Investment in PTC Inc. $PTC

SCS Capital Management LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the 2nd quarter, Holdings Channel reports. The firm bought 333,702 shares of the technology company’s stock, valued at approximately $37,912,000. PTC makes up 0.4% of SCS Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Strategic Advisors LLC lifted its stake in shares of PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65 shares during the last quarter. Allworth Financial LP boosted its holdings in PTC by 23.2% during the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after acquiring an additional 74 shares during the period. EverSource Wealth Advisors LLC grew its position in PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after acquiring an additional 75 shares during the last quarter. Empowered Funds LLC grew its position in PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the last quarter. Finally, Huntington National Bank increased its stake in PTC by 14.9% in the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after purchasing an additional 76 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $149.75 on Friday. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 2.15 and a beta of 0.98. The stock has a fifty day simple moving average of $126.95 and a two-hundred day simple moving average of $140.58. 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 (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 analysts’ consensus estimates of $1.57 by $0.01. The business 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%.The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts predict that PTC Inc. will post 6.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the subject of several research analyst reports. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Robert W. Baird set a $198.00 price objective on shares of PTC in a report on Thursday, May 7th. Finally, BNP Paribas Exane initiated coverage on shares of PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PTC currently has a consensus rating of “Hold” and a consensus target price of $170.14.

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.