North Star Asset Management Inc. Makes New $18.56 Million Investment in PTC Inc. $PTC

North Star Asset Management Inc. bought a new stake in PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 163,332 shares of the technology company’s stock, valued at approximately $18,556,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new position in shares of PTC during the second quarter worth $418,553,000. Norges Bank acquired a new stake in shares of PTC in the fourth quarter valued at $295,399,000. Amundi raised 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 buying an additional 1,040,656 shares during the period. Legal & General Group Plc acquired a new position in PTC during the 2nd quarter worth about $91,045,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after acquiring an additional 602,858 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $158.95 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $17.25 billion, a P/E ratio of 15.37, a P/E/G ratio of 2.16 and a beta of 0.98. The business’s 50-day moving average is $132.23 and its two-hundred day moving average is $140.16. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $217.64.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping 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 business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the company posted $1.64 earnings per share. The business’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. Analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PTC. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Piper Sandler lowered their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Berenberg Bank set a $170.00 price objective on shares of PTC in a research note on Wednesday, May 27th. Finally, Citigroup lifted their price objective on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.