Corient Private Wealth LP Invests $1.95 Million in PTC Inc. $PTC

Corient Private Wealth LP purchased a new stake in PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,132 shares of the technology company’s stock, valued at approximately $1,946,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in PTC during the 2nd quarter worth approximately $57,186,000. Freestone Grove Partners LP purchased a new position in shares of PTC in the 2nd quarter valued at approximately $42,916,000. Caisse de depot et placement du Quebec acquired a new position in shares of PTC in the second quarter valued at approximately $14,878,000. Man Group plc acquired a new position in shares of PTC in the second quarter valued at approximately $4,884,000. Finally, Jupiter Topco LLC purchased a new stake in shares of PTC during the second quarter worth approximately $418,553,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $198.00 price target on PTC in a report on Thursday, May 7th. Piper Sandler dropped their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane started coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Citigroup lifted their target price on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.14.

PTC Stock Performance

Shares of PTC stock opened at $149.13 on Thursday. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. The stock has a 50 day simple moving average of $135.43 and a 200-day simple moving average of $140.06. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $215.49. 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 for the quarter, beating 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 for the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. 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 analysts forecast that PTC Inc. will post 6.54 EPS 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.