Callan Family Office LLC Makes New Investment in PTC Inc. $PTC

Callan Family Office LLC purchased a new stake in PTC Inc. (NASDAQ:PTC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,453 shares of the technology company’s stock, valued at approximately $392,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of PTC during the 4th quarter valued at $295,399,000. Tensor Edge Capital LLC acquired a new stake in shares of PTC in the 4th quarter valued at about $26,132,000. Forsta AP Fonden increased its position in 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 buying an additional 16,600 shares in the last quarter. Renaissance Technologies LLC raised its stake in 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 buying an additional 183,600 shares during the period. Finally, Amundi boosted its holdings in PTC by 151.9% in the first 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 Ratings Changes

Several analysts recently issued reports on the stock. Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. BMO Capital Markets boosted their price objective on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Citigroup increased their price objective on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Barclays raised their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PTC presently has a consensus rating of “Hold” and an average target price of $170.14.

PTC Price Performance

Shares of NASDAQ:PTC opened at $151.61 on Thursday. The company’s 50-day moving average is $131.35 and its 200 day moving average 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. The company has a market capitalization of $16.45 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $217.64.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. 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, equities research analysts forecast that PTC Inc. will post 6.51 earnings per share for the current 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.