Flputnam Investment Management Co. Reduces Stake in PTC Inc. $PTC

Flputnam Investment Management Co. lessened its holdings in PTC Inc. (NASDAQ:PTC) by 97.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,869 shares of the technology company’s stock after selling 82,955 shares during the quarter. Flputnam Investment Management Co.’s holdings in PTC were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PTC. T. Rowe Price Investment Management Inc. increased its stake in shares of PTC by 3.4% in the fourth 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 during the period. State Street Corp lifted its position in PTC by 5.6% during the fourth 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 purchased a new stake in PTC in the second quarter valued at $418,553,000. Geode Capital Management LLC boosted its holdings in PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after purchasing an additional 71,181 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in PTC by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PTC. Piper Sandler decreased their price objective on 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 report on Saturday, June 27th. Berenberg Bank set a $170.00 price target on PTC in a research report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Finally, Barclays raised their price objective on shares of PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note 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 stock. Based on data from MarketBeat, PTC presently has an average rating of “Hold” and an average target price of $170.14.

PTC Price Performance

NASDAQ:PTC opened at $155.74 on Tuesday. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $215.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16.90 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The stock’s 50-day moving average price is $133.89 and its 200-day moving average price is $140.09.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share 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 company had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the firm posted $1.64 EPS. PTC’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, equities analysts expect 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.