5 Best 3D Printing Stocks To Buy Now

2. PTC Inc. (NASDAQ:PTC)

Number of Hedge Fund Holders: 41

Stock Price as of July 29: $123.38

PTC Inc. (NASDAQ:PTC) is a Boston, Massachusetts-based software and services company with a headcount of over 6,000 employees across 30 countries.

PTC Inc. (NASDAQ:PTC) has the Creo CAD software in its portfolio to fulfill the demands of the 3D printing segment by prototyping. The stock is the second biggest holding in Ark Investment’s 3D Printing ETF, with a weightage of 4.17% as of Q2.

On July 28, Matthew Broome at Mizuho increased the target price for PTC Inc. (NASDAQ:PTC) from $120 to $130 and maintained a Buy rating on the stock. The analyst observed that the company reported a strong third quarter, which saw impressive booking growth and acceleration in annual recurring revenue (ARR). PTC Inc.’s (NASDAQ:PTC) cash from operations also rose by 33% YoY to $117 million.

PTC Inc. (NASDAQ:PTC) also saw an increase in hedge fund sentiment, with 41 funds holding a stake in the company at the end of Q1 2022, up from 31 in the previous quarter.