Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in PTC Inc. $PTC

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in PTC Inc. (NASDAQ:PTC) by 42.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,253 shares of the technology company’s stock after purchasing an additional 37,620 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.12% of PTC worth $14,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of PTC during the fourth quarter worth about $295,399,000. Tensor Edge Capital LLC purchased a new stake in PTC during the 4th quarter valued at approximately $26,132,000. Forsta AP Fonden raised its stake in PTC by 62.2% during the 4th quarter. Forsta AP Fonden now owns 43,300 shares of the technology company’s stock valued at $7,543,000 after acquiring an additional 16,600 shares during the last quarter. Renaissance Technologies LLC lifted its position in PTC by 89.3% during the 1st quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company’s stock worth $55,443,000 after acquiring an additional 183,600 shares during the period. Finally, M&T Bank Corp lifted its position in PTC by 260.8% during the 4th quarter. M&T Bank Corp now owns 14,304 shares of the technology company’s stock worth $2,492,000 after acquiring an additional 10,339 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Down 2.7%

PTC opened at $149.75 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. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. The stock has a market capitalization of $16.25 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.15 and a beta of 0.98. The business has a 50 day simple moving average of $126.95 and a 200-day simple moving average of $140.58.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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. The firm had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, equities analysts anticipate that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PTC. Stifel Nicolaus dropped their target price on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. BMO Capital Markets increased their price target on PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Citigroup boosted their price objective on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, BNP Paribas Exane initiated coverage on shares of PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.