Brokerages Set PTC Inc. (NASDAQ:PTC) Target Price at $176.71

PTC Inc. (NASDAQ:PTCGet Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $176.7143.

PTC has been the subject of several recent research reports. BMO Capital Markets reduced their price target on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. KeyCorp reduced their price target on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Berenberg Bank set a $170.00 price target on PTC in a research report on Wednesday, May 27th. Mizuho reduced their price target on PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Finally, Barclays increased their price target on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th.

Check Out Our Latest Research Report on PTC

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 1,265 shares in the company, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 675 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the completion of the sale, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PTC. Empowered Funds LLC increased its holdings in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock worth $387,000 after acquiring an additional 75 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PTC by 68.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after acquiring an additional 287 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of PTC during the 2nd quarter worth approximately $257,000. Finally, Alliancebernstein L.P. increased its holdings in shares of PTC by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company’s stock worth $22,915,000 after acquiring an additional 4,176 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of NASDAQ PTC opened at $142.34 on Friday. The stock has a 50 day moving average price of $141.56 and a 200 day moving average price of $157.56. PTC has a 52 week low of $130.89 and a 52 week high of $219.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $16.44 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97.

PTC (NASDAQ:PTCGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. During the same period in the prior year, the firm posted $1.79 earnings per share. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Analysts predict that PTC will post 6.3 earnings per share for the current fiscal year.

PTC Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.