5 Robotics Stocks Billionaires Are Loading Up On

4. PTC Inc. (NASDAQ:PTC)

Number of Hedge Fund Holders: 42

Number of Billionaire Investors: 11

PTC Inc. (NASDAQ:PTC) is a Massachusetts-based software company that offers a range of robotics capabilities to assist businesses in different industries. PTC Inc. (NASDAQ:PTC) provides software solutions and technologies that enable companies to design, simulate, program, and control robotic systems for automation and manufacturing purposes. PTC Inc. (NASDAQ:PTC) is considered a leading choice in the field of robotics, attracting the interest of billionaires. As of Q1 2023, 11 billionaires, including Stephen Mandel of Lone Pine Capital, held stakes in the company.

On May 24, Daniel Jester, an analyst at BMO Capital, commenced coverage of PTC Inc. (NASDAQ:PTC) with an Outperform rating and a price target of $166. The recent acquisition of ServiceMax is seen as a significant opportunity for PTC Inc. (NASDAQ:PTC), providing a “transformational opportunity” to establish a complete digital thread that supports asset-intensive industries throughout the design, manufacturing, and service processes, the analyst wrote in a research note to investors. Despite acknowledging potential risks associated with macroeconomic factors and execution in the short term, the firm believes that PTC Inc. (NASDAQ:PTC) is well-positioned to expand its market presence following the deal and offers an appealing valuation.

According to Insider Monkey’s first quarter database, 42 hedge funds were long PTC Inc. (NASDAQ:PTC), compared to 44 funds in the earlier quarter. 

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