PTC Inc. $PTC Shares Purchased by Meyer Handelman Co.

Meyer Handelman Co. raised its stake in PTC Inc. (NASDAQ:PTC) by 91.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,884 shares of the technology company’s stock after purchasing an additional 44,340 shares during the period. Meyer Handelman Co. owned 0.08% of PTC worth $10,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Elyxium Wealth LLC acquired a new position in shares of PTC in the 4th quarter valued at $27,000. Palladiem LLC purchased a new position in shares of PTC in the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in PTC during the 4th quarter worth $29,000. Cedar Mountain Advisors LLC acquired a new stake in PTC during the 1st quarter worth $36,000. Finally, Rakuten Securities Inc. lifted its position in PTC by 2,725.0% in the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock valued at $39,000 after acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Down 2.7%

Shares of NASDAQ:PTC opened at $149.75 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 cap of $16.25 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.21 and a beta of 0.98. The firm has a fifty day moving average price of $126.95 and a 200 day moving average price of $140.58.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same period in the previous year, the business posted $1.64 earnings per share. PTC’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. Sell-side analysts predict that PTC Inc. will post 6.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PTC shares. Barclays upped their price objective on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. BMO Capital Markets boosted their target price on PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Piper Sandler dropped their price target on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup raised their price target on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Seven 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.com, PTC presently 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.