The Manufacturers Life Insurance Company Decreases Stock Holdings in PTC Inc. $PTC

The Manufacturers Life Insurance Company reduced its position in shares of PTC Inc. (NASDAQ:PTC) by 7.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 57,571 shares of the technology company’s stock after selling 4,652 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in PTC were worth $6,541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in shares of PTC in the 4th quarter worth $27,000. Palladiem LLC bought a new position in shares of PTC in the 4th quarter valued at about $28,000. DV Equities LLC purchased a new position in PTC in the fourth quarter worth about $29,000. Keating Financial Advisory Services Inc. purchased a new position in PTC in the second quarter worth about $30,000. Finally, Allworth Financial LP bought a new stake in PTC during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $130.78 on Monday. 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 company has a market cap of $14.19 billion, a P/E ratio of 12.65, a PEG ratio of 1.79 and a beta of 1.00. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $208.56. The firm has a 50-day simple moving average of $138.01 and a two-hundred day simple moving average of $139.15.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating 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 firm had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the firm posted $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. Research analysts anticipate that PTC Inc. will post 6.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PTC shares. Piper Sandler decreased their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Berenberg Bank set a $170.00 target price on PTC in a research report on Wednesday, May 27th. BNP Paribas Exane initiated coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. BMO Capital Markets raised their price target on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.14.

About PTC

PTC Inc is a technology company that develops software for product design, engineering, manufacturing and service organizations. Its solutions help businesses create, manage and analyze product data throughout the product lifecycle, supporting collaboration from initial design through production and ongoing maintenance.

The company’s portfolio includes Creo computer-aided design software, Windchill product lifecycle management software, and Onshape cloud-native product development tools.