Man Group plc Acquires New Position in PTC Inc. $PTC

Man Group plc acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,991 shares of the technology company’s stock, valued at approximately $4,884,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of PTC by 3.4% during the fourth 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 last quarter. State Street Corp boosted its position in PTC by 5.6% during the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after purchasing an additional 312,000 shares during the period. Jupiter Topco LLC acquired a new position in PTC during the 2nd quarter valued at approximately $418,553,000. Geode Capital Management LLC grew its stake in PTC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after buying an additional 71,181 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after buying an additional 11,278 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTC has been the topic of a number of recent research reports. Barclays raised their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on shares of PTC in a report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective on the stock. Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. Finally, Stifel Nicolaus decreased their target price on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research report 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 issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Stock Performance

Shares of PTC stock opened at $157.15 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $215.81. The stock has a fifty day moving average of $133.08 and a two-hundred day moving average of $140.14. The firm has a market capitalization of $17.05 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98.

PTC (NASDAQ:PTC) last issued its quarterly earnings results 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 return on equity of 25.31% and a net margin of 41.67%.The company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same period last year, the company earned $1.64 earnings per share. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. 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, research analysts expect 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.