Legal & General Group Plc Invests $91.05 Million in PTC Inc. $PTC

Legal & General Group Plc acquired a new stake in PTC Inc. (NASDAQ:PTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 801,380 shares of the technology company’s stock, valued at approximately $91,045,000. Legal & General Group Plc owned 0.74% of PTC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in 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 worth $3,202,720,000 after buying an additional 602,858 shares in the last quarter. State Street Corp grew its stake in shares of PTC by 5.6% in the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after acquiring an additional 312,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after acquiring an additional 71,181 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of PTC by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after acquiring an additional 11,278 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in shares of 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 valued at $499,525,000 after acquiring an additional 529,208 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

NASDAQ:PTC opened at $158.95 on Friday. PTC Inc. has a 12 month low of $108.50 and a 12 month high of $217.64. 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 $17.25 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98. The business’s fifty day moving average price is $132.23 and its 200 day moving average price is $140.16.

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

Wall Street Analyst Weigh In

Several research firms recently commented on PTC. Stifel Nicolaus lowered their target price on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Piper Sandler lowered their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, Citigroup upped their target price on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $170.14.

About PTC

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.