Rakuten Investment Management Inc. Acquires Shares of 19,093 PTC Inc. $PTC

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

Other large investors have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after buying an additional 75 shares during the period. Geneos Wealth Management Inc. increased its position in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after acquiring an additional 287 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of PTC during the 2nd quarter worth about $257,000. Finally, Alliancebernstein L.P. grew its holdings in PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock valued at $22,915,000 after purchasing an additional 4,176 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PTC shares. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Barclays upped their price objective on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus reduced their target price on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Stock Performance

PTC stock opened at $157.15 on Monday. 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 $17.05 billion, a PE ratio of 15.20, a P/E/G ratio of 2.24 and a beta of 0.98. The company has a 50 day moving average price of $133.08 and a 200-day moving average price of $140.14. PTC Inc. has a fifty-two week low of $108.50 and a fifty-two week high of $215.81.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities analysts forecast that PTC Inc. will post 6.51 earnings per share 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.