Equities researchers at BNP Paribas Exane initiated coverage on shares of PTC (NASDAQ:PTC – Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $130.00 price target on the technology company’s stock. BNP Paribas Exane’s price target suggests a potential upside of 11.17% from the stock’s previous close.
A number of other equities research analysts have also commented on PTC. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Mizuho decreased their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Wall Street Zen raised shares of PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Finally, KeyCorp dropped their price objective on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.
PTC Stock Down 1.0%
PTC (NASDAQ:PTC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. The company had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Equities research analysts predict that PTC will post 6.32 earnings per share for the current fiscal year.
Insider Activity
In other news, CAO Alice Christenson sold 816 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On PTC
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in PTC during the fourth quarter worth about $27,000. Palladiem LLC bought a new position in PTC during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in PTC during the fourth quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new position in PTC during the fourth quarter valued at approximately $35,000. Finally, Quarry LP increased its stake in PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.
PTC Company 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.
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