Danske Bank A S Makes New $11.10 Million Investment in PTC Inc. $PTC

Danske Bank A S bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 97,700 shares of the technology company’s stock, valued at approximately $11,100,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Diversify Advisory Services LLC bought a new position in shares of PTC during the 2nd quarter worth approximately $300,000. Deutsche Bank AG boosted its stake in PTC by 13.3% in the 2nd quarter. Deutsche Bank AG now owns 747,936 shares of the technology company’s stock valued at $84,973,000 after purchasing an additional 87,908 shares during the period. Covestor Ltd grew its holdings in PTC by 25.3% in the 2nd quarter. Covestor Ltd now owns 500 shares of the technology company’s stock valued at $57,000 after buying an additional 101 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of PTC by 11.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 331,324 shares of the technology company’s stock worth $37,642,000 after purchasing an additional 32,730 shares during the period. Finally, Continuum Advisory LLC lifted its stake in PTC by 1,127.7% during the second quarter. Continuum Advisory LLC now owns 33,996 shares of the technology company’s stock worth $3,862,000 after purchasing an additional 31,227 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Performance

NASDAQ PTC opened at $154.68 on Friday. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $16.78 billion, a PE ratio of 14.96, a P/E/G ratio of 2.19 and a beta of 0.98. The company’s 50 day simple moving average is $129.21 and its two-hundred day simple moving average is $140.24.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous 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. Analysts predict that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler lowered their target price on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Barclays lifted their target price on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $170.14.

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.