PTC Inc. $PTC Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 4.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 150,683 shares of the technology company’s stock after acquiring an additional 6,476 shares during the period. Principal Financial Group Inc. owned about 0.13% of PTC worth $17,119,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTC. Norges Bank purchased a new stake in PTC during the fourth quarter valued at about $295,399,000. Tensor Edge Capital LLC purchased a new position in shares of PTC in the fourth quarter worth approximately $26,132,000. Forsta AP Fonden raised its holdings in shares of PTC by 62.2% during the fourth quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock valued at $7,543,000 after acquiring an additional 16,600 shares during the period. Renaissance Technologies LLC raised its holdings in shares of PTC by 89.3% during the first quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock valued at $55,443,000 after acquiring an additional 183,600 shares during the period. Finally, M&T Bank Corp lifted its position in shares of PTC by 260.8% in the 4th quarter. M&T Bank Corp now owns 14,304 shares of the technology company’s stock valued at $2,492,000 after acquiring an additional 10,339 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective 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. BNP Paribas Exane began coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.14.

PTC Trading Down 2.7%

PTC stock opened at $149.75 on Friday. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. 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 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 company’s fifty day simple moving average is $126.95 and its 200-day simple moving average is $140.58.

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 business had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts forecast that PTC Inc. will post 6.47 EPS for the current fiscal year.

PTC 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.