PTC (NASDAQ:PTC – Free Report) had its target price hoisted by Mizuho from $160.00 to $205.00 in a research report report published on Tuesday, MarketBeat reports. Mizuho currently has a neutral rating on the technology company’s stock.
Several other research analysts have also commented on the stock. Loop Capital lowered shares of PTC from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $200.00 to $205.00 in a research note on Monday. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings restated a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Citigroup upped their target price on PTC from $141.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $205.00 price objective on PTC in a report on Monday. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $200.06.
Read Our Latest Stock Analysis on PTC
PTC Price Performance
PTC (NASDAQ:PTC – Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping 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 firm had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the firm posted $1.64 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts anticipate that PTC will post 6.54 earnings per share for the current fiscal year.
Insider Activity at PTC
In other news, Director Corinna Lathan sold 1,750 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the transaction, the director directly owned 6,679 shares of the company’s stock, valued at approximately $1,307,414.25. The trade was a 20.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On PTC
A number of institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after buying an additional 602,858 shares during the last quarter. State Street Corp grew its position in shares of PTC by 10.2% in the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock worth $733,048,000 after buying an additional 596,955 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of PTC by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock worth $613,009,000 after buying an additional 32,508 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after acquiring an additional 529,208 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of PTC during the 2nd quarter worth approximately $418,553,000. Institutional investors own 95.14% of the company’s stock.
PTC Company Profile
PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.
PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.
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