PTC Inc. $PTC Shares Acquired by Saudi Central Bank

Saudi Central Bank raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 89.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,330 shares of the technology company’s stock after acquiring an additional 3,941 shares during the quarter. Saudi Central Bank’s holdings in PTC were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaGrep UK Ltd purchased a new position in PTC in the 2nd quarter valued at about $257,000. Munich Reinsurance Co Stock Corp in Munich grew its holdings in shares of PTC by 16.0% during the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 41,032 shares of the technology company’s stock worth $4,662,000 after purchasing an additional 5,655 shares during the period. Raiffeisen Bank International AG raised its holdings in PTC by 34.6% in the second quarter. Raiffeisen Bank International AG now owns 10,992 shares of the technology company’s stock valued at $1,252,000 after buying an additional 2,824 shares during the period. denkapparat Operations GmbH grew its stake in PTC by 31.3% during the second quarter. denkapparat Operations GmbH now owns 11,486 shares of the technology company’s stock worth $1,305,000 after buying an additional 2,740 shares during the period. Finally, NEOS Investment Management LLC increased its position in shares of PTC by 22.1% in the second quarter. NEOS Investment Management LLC now owns 21,073 shares of the technology company’s stock worth $2,394,000 after acquiring an additional 3,818 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 3.3%

Shares of NASDAQ PTC opened at $128.89 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $137.80 and its two-hundred day moving average price is $139.48. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $208.56. The stock has a market capitalization of $13.99 billion, a P/E ratio of 12.47, a PEG ratio of 1.82 and a beta of 1.00.

PTC (NASDAQ:PTC) last issued 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 business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. 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 anticipate that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PTC shares. Weiss Ratings reiterated 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 shares of PTC in a research report on Wednesday, May 27th. Stifel Nicolaus reduced their target price on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Barclays raised their price target on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Seven 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.