The Manufacturers Life Insurance Company Makes New $6.54 Million Investment in PTC Inc. $PTC

The Manufacturers Life Insurance Company purchased a new position in shares of PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,571 shares of the technology company’s stock, valued at approximately $6,541,000.

A number of other institutional investors have also made changes to their positions in the business. Empowered Funds LLC boosted its holdings in PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after purchasing an additional 75 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in PTC by 68.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after buying an additional 287 shares during the last quarter. Cerity Partners LLC bought a new stake in PTC during the 2nd quarter worth about $257,000. Finally, Alliancebernstein L.P. boosted its stake in shares of PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after buying an additional 4,176 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $157.15 on Monday. The company has a market cap of $17.05 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.24 and a beta of 0.98. The firm’s fifty day moving average price is $133.08 and its two-hundred day moving average price is $140.14. PTC Inc. has a one year low of $108.50 and a one year high of $215.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03.

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. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the previous year, the firm posted $1.64 EPS. PTC’s 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. Equities analysts expect that PTC Inc. will post 6.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent research reports. Citigroup lifted their target price on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of PTC in a research note on Thursday, July 30th. Barclays boosted their price target on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. BNP Paribas Exane began coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PTC has a consensus rating of “Hold” and a consensus price target of $170.14.

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.