Trillium Asset Management LLC Acquires New Shares in PTC Inc. $PTC

Trillium Asset Management LLC acquired a new position in PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,432 shares of the technology company’s stock, valued at approximately $1,981,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in PTC in the fourth quarter worth approximately $295,399,000. Amundi raised its stake in PTC by 151.9% during 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 last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 valued at $3,202,720,000 after buying an additional 602,858 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of PTC by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after buying an additional 529,208 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after purchasing an additional 417,130 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC opened at $154.68 on Friday. The business has a 50-day simple moving average of $129.21 and a two-hundred day simple moving average of $140.24. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC Inc. has a 52 week low of $108.50 and a 52 week high of $217.64. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.19 and a beta of 0.98.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. 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, analysts expect that PTC Inc. will post 6.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PTC shares. Stifel Nicolaus cut their price target on PTC from $180.00 to $165.00 and set a “buy” 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 report on Wednesday, May 27th. Weiss Ratings restated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Barclays upped their target price on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of PTC 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 company. Based on data from MarketBeat, PTC has an average rating of “Hold” and a consensus price target of $170.14.

PTC Company 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.