Paradigm Capital Management Inc. NY Acquires Shares of 30,000 PTC Inc. $PTC

Paradigm Capital Management Inc. NY bought a new position in PTC Inc. (NASDAQ:PTC) in the second quarter, HoldingsChannel reports. The fund bought 30,000 shares of the technology company’s stock, valued at approximately $3,408,000.

A number of other institutional investors also recently modified their holdings of PTC. Strategic Advisors LLC increased its stake in shares of PTC by 0.9% in the fourth quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 65 shares during the last quarter. Allworth Financial LP raised its holdings in shares of PTC by 23.2% during the fourth quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock worth $68,000 after acquiring an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in PTC by 12.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after purchasing an additional 75 shares during the last quarter. Empowered Funds LLC grew its stake in PTC by 3.1% in the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after purchasing an additional 75 shares in the last quarter. Finally, Huntington National Bank grew its stake in PTC by 14.9% in the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock valued at $102,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ PTC opened at $154.31 on Tuesday. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64. The company has a fifty day simple moving average of $130.00 and a 200 day simple moving average of $140.15. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The company has a market cap of $16.74 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.21 and a beta of 0.98.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The firm had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. 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, sell-side analysts predict that PTC Inc. will post 6.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PTC shares. BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Stifel Nicolaus lowered their price target on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Thursday, July 30th. Piper Sandler cut their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, BMO Capital Markets lifted their target price on shares of PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.