Jupiter Topco LLC Purchases New Stake in PTC Inc. $PTC

Jupiter Topco LLC acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,684,121 shares of the technology company’s stock, valued at approximately $418,553,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Advisors LLC boosted its position in shares of PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 65 shares in the last quarter. Allworth Financial LP increased its holdings in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after purchasing an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of PTC by 12.8% in 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 period. 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 buying an additional 75 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in PTC by 14.9% during the fourth quarter. Huntington National Bank now owns 586 shares of the technology company’s stock worth $102,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PTC shares. Piper Sandler dropped their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Robert W. Baird set a $198.00 price target on PTC in a report on Thursday, May 7th. Berenberg Bank set a $170.00 price objective on PTC in a research note on Wednesday, May 27th. Finally, Barclays lifted their price objective on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.14.

PTC Stock Performance

Shares of PTC opened at $151.14 on Wednesday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $217.64. The stock has a market cap of $16.40 billion, a P/E ratio of 14.62, a PEG ratio of 2.20 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 company has a 50-day moving average of $130.65 and a two-hundred day moving average of $140.15.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $611.62 million. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue 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. As a group, research analysts predict that PTC Inc. will post 6.51 EPS for the current fiscal 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.