PTC (NASDAQ:PTC) Price Target Lowered to $220.00 at Rosenblatt Securities

PTC (NASDAQ:PTC) had its price objective decreased by Rosenblatt Securities from $227.00 to $220.00 in a report issued on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

A number of other research firms have also recently commented on PTC. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Piper Sandler upped their price objective on PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Robert W. Baird set a $255.00 target price on PTC in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.92.

PTC Stock Up 1.3%

Shares of PTC stock traded up $2.18 on Thursday, reaching $176.11. The stock had a trading volume of 1,197,208 shares, compared to its average volume of 1,003,334. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $21.10 billion, a P/E ratio of 41.54, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a 50 day moving average price of $202.62 and a 200 day moving average price of $189.63. PTC has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $2.26 by $1.21. The company had revenue of $893.80 million during the quarter, compared to the consensus estimate of $752.05 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC’s revenue was up 42.7% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. As a group, equities research analysts forecast that PTC will post 4.46 EPS for the current year.

Institutional Investors Weigh In On PTC

Hedge funds have recently modified their holdings of the company. Campbell Newman Asset Management Inc. raised its stake in PTC by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock worth $2,466,000 after purchasing an additional 49 shares during the period. Diversified Trust Co increased its holdings in shares of PTC by 2.5% during the 3rd quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock worth $448,000 after buying an additional 53 shares during the last quarter. Versant Capital Management Inc lifted its holdings in PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the last quarter. Brooklyn Investment Group grew its position in PTC by 15.5% in the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock worth $68,000 after acquiring an additional 59 shares during the period. Finally, Archford Capital Strategies LLC lifted its position in shares of PTC by 1.4% during the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock worth $953,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.