PTC (NASDAQ:PTC) Stock Rating Reaffirmed as "Equal Weight" by Barclays

Key Points

• Barclays reaffirmed its “Equal Weight” rating on PTC and maintained a $205 price target, implying 6.52% upside from the prior close.
• PTC shares surged 33.6% to $192.46 amid news that Schneider Electric agreed to acquire the company for $205 per share, valuing its equity at approximately $22.6 billion.
• Analyst sentiment remains broadly cautious, with an average “Hold” rating and a consensus price target of $184.20; PTC’s latest quarterly EPS of $1.58 slightly exceeded estimates, while revenue declined 6.8% year over year.

PTC (NASDAQ:PTC - Get Free Report)'s stock had its "equal weight" rating restated by equities researchers at Barclays in a note issued to investors on Monday, Benzinga reports. They currently have a $205.00 price objective on the technology company's stock. Barclays's target price points to a potential upside of 6.52% from the company's previous close.

Several other brokerages have also issued reports on PTC. Weiss Ratings reissued a "hold (c-)" rating on shares of PTC in a research report on Monday, August 3rd. BMO Capital Markets upped their price target on PTC from $155.00 to $164.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Citigroup raised their price objective on PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Rosenblatt Securities set a $205.00 target price on shares of PTC in a report on Monday. Finally, KeyCorp downgraded shares of PTC from an "overweight" rating to a "sector weight" rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $184.20.

PTC Trading Up 33.6%

NASDAQ PTC traded up $48.42 during trading on Monday, hitting $192.46. The company had a trading volume of 23,743,022 shares, compared to its average volume of 1,561,738. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. PTC has a one year low of $108.50 and a one year high of $206.82. The company has a market cap of $20.88 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The company's fifty day moving average is $142.72 and its 200-day moving average is $136.94.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million for the quarter, compared to analysts' expectations of $611.62 million. During the same quarter in the previous year, the company earned $1.64 earnings per share. PTC'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. On average, sell-side analysts predict that PTC will post 6.56 earnings per share for the current year.

Hedge Funds Weigh In On PTC

Institutional investors and hedge funds have recently modified their holdings of the stock. Palladiem LLC bought a new stake in PTC during the 4th quarter valued at about $28,000. Cedar Mountain Advisors LLC bought a new position in shares of PTC in the first quarter worth approximately $36,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of PTC during the second quarter valued at approximately $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of PTC during the second quarter valued at approximately $32,000. Finally, Allworth Financial LP bought a new stake in shares of PTC during the second quarter valued at approximately $32,000. 95.14% of the stock is currently owned by institutional investors.

Key Headlines Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric buyout drives gains: Schneider will pay $205 per PTC share, valuing PTC’s equity at approximately $22.6 billion and the transaction’s enterprise value at about $23.7 billion. The offer represents a roughly 42.3% premium to PTC’s previous closing price and explains the unusually heavy trading volume and sharp increase in the stock. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: Strategic industrial-software combination: Schneider said the acquisition will expand its industrial software capabilities and create one of the largest portfolios in the sector, with potential exposure to industrial digitalization and artificial-intelligence trends. The deal also represents Schneider’s largest acquisition. Schneider Electric to Buy Software Maker PTC for $22.6 Billion

About PTC

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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