Freestone Grove Partners LP Takes $42.92 Million Position in PTC Inc. $PTC

Freestone Grove Partners LP bought a new stake in PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 377,748 shares of the technology company’s stock, valued at approximately $42,916,000. Freestone Grove Partners LP owned 0.35% of PTC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Jupiter Topco LLC acquired a new stake in PTC during the second quarter valued at approximately $418,553,000. Norges Bank acquired a new position in shares of PTC in the 4th quarter worth approximately $295,399,000. Amundi lifted its position in shares of PTC by 151.9% during the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock worth $245,885,000 after buying an additional 1,040,656 shares during the period. Legal & General Group Plc bought a new position in shares of PTC during the 2nd quarter worth approximately $91,045,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in PTC by 3.4% in 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 in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.3%

PTC stock opened at $151.61 on Thursday. The business has a fifty day moving average price of $131.35 and a 200 day moving average price of $140.14. 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 fifty-two week low of $108.50 and a fifty-two week high of $217.64. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 2.16 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 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The company 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%.The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Analysts expect that PTC Inc. will post 6.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on PTC shares. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price objective on shares of PTC in a research note on Thursday, July 30th. BNP Paribas Exane initiated coverage on shares of PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. Citigroup upped their target price on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Finally, Robert W. Baird set a $198.00 price target on shares of PTC in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.