Hsbc Holdings PLC Invests $66.75 Million in PTC Inc. $PTC

Hsbc Holdings PLC purchased a new position in PTC Inc. (NASDAQ:PTC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 587,782 shares of the technology company’s stock, valued at approximately $66,753,000.

Several other hedge funds have also bought and sold shares of PTC. Canada Pension Plan Investment Board bought a new position in shares of PTC during the second quarter valued at approximately $9,880,000. Legal & General Group Plc bought a new stake in shares of PTC in the 2nd quarter worth approximately $91,045,000. The Manufacturers Life Insurance Company bought a new stake in shares of PTC in the 2nd quarter worth approximately $6,541,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of PTC in the 2nd quarter worth approximately $3,408,000. Finally, Cibc World Market Inc. purchased a new stake in shares of PTC in the 2nd quarter worth approximately $201,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Up 0.3%

PTC stock opened at $151.61 on Thursday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $217.64. 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. The stock has a market capitalization of $16.45 billion, a P/E ratio of 14.66, a P/E/G ratio of 2.16 and a beta of 0.98.

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, 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 firm had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period in the prior year, the company posted $1.64 earnings per share. The company’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. Equities analysts forecast that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of PTC in a research note on Thursday, July 30th. BNP Paribas Exane started coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target for the company. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. 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 company’s stock. According to data from MarketBeat.com, the company presently 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.