Commerce Bank Makes New Investment in PTC Inc. $PTC

Commerce Bank bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the second quarter, HoldingsChannel reports. The firm bought 73,165 shares of the technology company’s stock, valued at approximately $8,312,000.

Several other hedge funds have also modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of PTC in the fourth quarter valued at approximately $27,000. Palladiem LLC acquired a new position in PTC during the fourth quarter worth $28,000. DV Equities LLC purchased a new position in PTC in the fourth quarter worth $29,000. Keating Financial Advisory Services Inc. acquired a new stake in PTC in the second quarter valued at $30,000. Finally, Allworth Financial LP acquired a new stake in PTC in the second quarter valued at $32,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PTC. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of PTC in a research note on Thursday, July 30th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Citigroup boosted their price objective on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Piper Sandler lowered their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report 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.com, the stock has an average rating of “Hold” and a consensus price target of $170.14.

PTC Price Performance

PTC opened at $154.68 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.21 and a beta of 0.98. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The business’s fifty day moving average is $129.21 and its two-hundred day moving average is $140.12.

PTC (NASDAQ:PTC) last announced its quarterly earnings results 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. 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 analysts’ expectations of $611.62 million. During the same quarter last year, the business 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 EPS for the current fiscal year.

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.