Tidal Investments LLC Purchases 8,177 Shares of PTC Inc. $PTC

Tidal Investments LLC lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 25.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,728 shares of the technology company’s stock after purchasing an additional 8,177 shares during the quarter. Tidal Investments LLC’s holdings in PTC were worth $4,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC lifted its position in PTC by 4.7% in the second quarter. Archford Capital Strategies LLC now owns 5,135 shares of the technology company’s stock worth $583,000 after purchasing an additional 232 shares during the period. National Pension Service boosted its stake in PTC by 33.5% during the second quarter. National Pension Service now owns 40,800 shares of the technology company’s stock worth $4,635,000 after buying an additional 10,231 shares in the last quarter. WINTON GROUP Ltd bought a new stake in PTC in the 2nd quarter valued at $3,947,000. Engineers Gate Manager LP raised its stake in shares of PTC by 126.3% in the 2nd quarter. Engineers Gate Manager LP now owns 7,101 shares of the technology company’s stock valued at $807,000 after buying an additional 3,963 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of PTC in the 2nd quarter valued at $32,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PTC. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. BMO Capital Markets increased their price target on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Berenberg Bank set a $170.00 price objective on PTC in a report on Wednesday, May 27th. Stifel Nicolaus lowered their price objective on PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Barclays upped their price objective on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PTC has a consensus rating of “Hold” and an average target price of $170.14.

PTC Stock Performance

Shares of PTC stock opened at $130.78 on Monday. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $208.56. The stock has a market capitalization of $14.19 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The company has a 50-day simple moving average of $138.01 and a 200 day simple moving average of $139.15. 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 (NASDAQ:PTC) last released its quarterly 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. The firm had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts expect that PTC Inc. will post 6.54 earnings per share for the current fiscal year.

PTC Company Profile

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.