PTC Inc. (NASDAQ:PTC) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• PTC has a consensus “Hold” rating from 16 analysts, with 14 holds and two buys; the average 12-month price target is $200.06.
• Several brokerages recently downgraded the stock to neutral or equivalent ratings, although many raised their price targets, including Royal Bank of Canada’s increase to $306.
• PTC’s latest quarterly results narrowly beat EPS estimates at $1.58, but revenue fell 6.8% year over year to $600.05 million. Institutional investors own 95.14% of the shares, while a company director recently sold 1,750 shares.

PTC Inc. (NASDAQ:PTC - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $200.06.

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of PTC from $141.00 to $205.00 and gave the company a "neutral" rating in a research report on Tuesday, October 6th. KeyCorp lowered PTC from an "overweight" rating to a "sector weight" rating in a report on Monday, October 5th. Loop Capital cut PTC from a "buy" rating to a "hold" rating and increased their price objective for the stock from $200.00 to $205.00 in a research report on Monday, October 5th. BMO Capital Markets cut PTC from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $164.00 to $205.00 in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada downgraded PTC from a "buy" rating to a "sector perform" rating and raised their target price for the company from $195.00 to $306.00 in a report on Monday, October 5th.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 1,750 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the transaction, the director owned 6,679 shares in the company, valued at $1,307,414.25. This trade represents a 20.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC lifted its position in shares of PTC by 16.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,519 shares of the technology company's stock valued at $634,000 after acquiring an additional 653 shares during the period. QRG Capital Management Inc. boosted its stake in shares of PTC by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 7,089 shares of the technology company's stock worth $805,000 after acquiring an additional 828 shares in the last quarter. State Street Corp grew its holdings 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 acquiring an additional 596,955 shares during the period. Tidal Investments LLC grew its holdings in shares of PTC by 25.1% in the 2nd quarter. Tidal Investments LLC now owns 40,728 shares of the technology company's stock worth $4,627,000 after acquiring an additional 8,177 shares during the period. Finally, Archford Capital Strategies LLC grew its holdings in shares of PTC by 4.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 5,135 shares of the technology company's stock worth $583,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $193.80 on Monday. PTC has a one year low of $108.50 and a one year high of $206.67. The company has a 50-day simple moving average of $158.23 and a 200-day simple moving average of $142.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.54 and a beta of 0.99.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%. The company had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period last year, the business posted $1.64 EPS. The company's 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, analysts predict that PTC will post 6.51 EPS for the current year.

About PTC

PTC Inc NASDAQ: PTC develops software that helps manufacturers and other industrial companies design, manage, and optimize products and production processes. Its portfolio supports computer-aided design, product lifecycle management, digital manufacturing, and industrial Internet of Things initiatives.

The company's products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, and Codebeamer for application lifecycle management. PTC also offers ThingWorx for industrial connectivity and IoT applications, Kepware for industrial automation connectivity, and Vuforia for augmented reality solutions.

Founded in 1985, PTC serves customers globally across industries such as automotive, aerospace and defense, industrial equipment, electronics, and life sciences.

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