Keeler Thomas Management LLC Raises Stock Position in PTC Inc. $PTC

Keeler Thomas Management LLC grew its stake in PTC Inc. (NASDAQ:PTC) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,948 shares of the technology company’s stock after buying an additional 3,597 shares during the period. Keeler Thomas Management LLC’s holdings in PTC were worth $2,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in PTC in the fourth quarter valued at $27,000. Palladiem LLC purchased a new position in shares of PTC during the fourth quarter worth about $28,000. DV Equities LLC purchased a new position in shares of PTC during the fourth quarter worth about $29,000. Quarry LP increased its position in shares of PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after purchasing an additional 94 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of PTC during the first quarter worth about $36,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. Barclays upped their target price on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Robert W. Baird set a $198.00 price target on PTC in a research report on Thursday, May 7th. Berenberg Bank set a $170.00 price objective on PTC in a research note on Wednesday, May 27th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Thursday, July 30th. Finally, BMO Capital Markets raised their target price on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $170.14.

PTC Trading Down 0.9%

NASDAQ PTC opened at $155.74 on Tuesday. The firm’s fifty day moving average is $133.89 and its two-hundred day moving average is $140.09. 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 quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $16.90 billion, a PE ratio of 15.06, a P/E/G ratio of 2.24 and a beta of 0.98.

PTC (NASDAQ:PTC) last announced its 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 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 prior year, the firm earned $1.64 earnings per share. The business’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. Analysts expect that PTC Inc. will post 6.51 earnings per share for the current year.

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.