Daiichi Life Insurance Co. Ltd. Acquires Shares of 49,943 PTC Inc. $PTC

Daiichi Life Insurance Co. Ltd. bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, HoldingsChannel reports. The firm bought 49,943 shares of the technology company’s stock, valued at approximately $5,674,000.

Several other hedge funds also recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 602,858 shares during the last quarter. State Street Corp lifted its stake in PTC by 5.6% during the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after purchasing an additional 312,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after purchasing an additional 71,181 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in PTC by 17.8% in the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $154.68 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. The firm has a market capitalization of $16.78 billion, a PE ratio of 14.96, a P/E/G ratio of 2.21 and a beta of 0.98. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $217.64. The business’s fifty day moving average price is $129.21 and its two-hundred day moving average price is $140.24.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the firm earned $1.64 EPS. PTC’s quarterly revenue 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. On average, research analysts expect that PTC Inc. will post 6.51 EPS for the current year.

Analysts Set New Price Targets

PTC has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. Berenberg Bank set a $170.00 price target on shares of PTC in a report on Wednesday, May 27th. Citigroup lifted their price target on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Piper Sandler dropped their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.