Headlands Technologies LLC Buys Shares of 24,097 PTC Inc. $PTC

Headlands Technologies LLC bought a new position in PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,097 shares of the technology company’s stock, valued at approximately $2,738,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PTC. Empowered Funds LLC increased its position in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after buying an additional 75 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after acquiring an additional 287 shares during the period. Cerity Partners LLC acquired a new position in PTC in the second quarter valued at about $257,000. Finally, Alliancebernstein L.P. increased its holdings in shares of PTC by 3.2% in the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after acquiring an additional 4,176 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

Shares of PTC stock opened at $157.15 on Monday. The firm has a market cap of $17.05 billion, a PE ratio of 15.20, a P/E/G ratio of 2.24 and a beta of 0.98. The business’s 50 day simple moving average is $133.08 and its 200 day simple moving average is $140.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $215.81.

PTC (NASDAQ:PTC) last posted its quarterly earnings data 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. The company had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period last year, the company 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. On average, analysts predict that PTC Inc. will post 6.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. Berenberg Bank set a $170.00 price target on PTC in a research report on Wednesday, May 27th. Barclays increased their target price on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $198.00 target price on shares of PTC in a report on Thursday, May 7th. Stifel Nicolaus cut their price target on shares of PTC from $180.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of PTC in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.14.

PTC 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.