Evolve Private Wealth LLC Invests $482,000 in PTC Inc. $PTC

Evolve Private Wealth LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,245 shares of the technology company’s stock, valued at approximately $482,000.

Several other institutional investors have also modified their holdings of PTC. Landscape Capital Management L.L.C. purchased a new position in shares of PTC during the 2nd quarter worth about $2,232,000. Korea Investment CORP purchased a new stake in shares of PTC in the second quarter valued at approximately $5,624,000. Callan Family Office LLC purchased a new stake in shares of PTC in the second quarter valued at approximately $392,000. Keating Financial Advisory Services Inc. bought a new position in PTC in the second quarter worth approximately $30,000. Finally, Allworth Financial LP bought a new position in PTC in the second quarter worth approximately $32,000. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PTC shares. BNP Paribas Exane assumed coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Citigroup raised their price target on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Stifel Nicolaus decreased their price objective on PTC from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, BMO Capital Markets upped their price objective on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.14.

PTC Stock Down 2.1%

Shares of PTC stock opened at $151.14 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The company has a market cap of $16.40 billion, a P/E ratio of 14.62, a PEG ratio of 2.20 and a beta of 0.98. The firm’s 50 day moving average price is $130.65 and its 200-day moving average price is $140.15. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $217.64.

PTC (NASDAQ:PTC) last posted its 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. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company 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 company posted $1.64 earnings per share. PTC’s revenue for the quarter was down 6.8% compared to the same quarter last year. 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 predict that PTC Inc. will post 6.51 EPS for the current fiscal year.

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.