Legal & General Group Plc Buys New Stake in PTC Inc. $PTC

Legal & General Group Plc purchased a new stake in PTC Inc. (NASDAQ:PTC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 801,380 shares of the technology company’s stock, valued at approximately $91,045,000.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of PTC during the fourth quarter worth about $295,399,000. Amundi lifted its holdings in shares of PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after purchasing an additional 1,040,656 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of PTC by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after purchasing an additional 602,858 shares during the period. Pictet Asset Management Holding SA grew its stake in PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after buying an additional 529,208 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its stake in PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after buying an additional 417,130 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. Berenberg Bank set a $170.00 target price on shares of PTC in a report on Wednesday, May 27th. Barclays upped their price target on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. 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 for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Trading Up 4.8%

Shares of PTC stock opened at $158.95 on Friday. The company has a market capitalization of $17.25 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98. 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 business’s 50 day moving average is $132.23 and its two-hundred day moving average is $140.16. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $217.64.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the company earned $1.64 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that PTC Inc. will post 6.51 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.