PTC Inc. (NASDAQ:PTC) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• PTC has a consensus “Hold” rating from 13 analysts: seven recommend buying, five rate it a hold, and one recommends selling. The average 12-month price target is $170.14, versus a recent share price of $140.30.
• Institutional investors own approximately 95.14% of PTC’s outstanding shares, with several investment firms recently initiating new positions.
• PTC slightly exceeded quarterly EPS expectations, reporting $1.58 versus the $1.57 consensus estimate, but revenue of $600.05 million fell short of estimates and declined 6.8% year over year.

Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $170.14.

A number of research analysts have recently issued reports on PTC shares. Piper Sandler reduced their price objective on PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Barclays boosted their target price on PTC from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Stifel Nicolaus reduced their price target on PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane assumed coverage on PTC in a research report on Thursday, June 18th. They set a "neutral" rating and a $130.00 price target on the stock. Finally, BMO Capital Markets lifted 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.

Institutional Investors Weigh In On PTC

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

PTC Trading Up 2.0%

Shares of PTC opened at $140.30 on Thursday. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. PTC has a fifty-two week low of $108.50 and a fifty-two week high of $206.82. The firm has a 50 day moving average price of $141.54 and a 200-day moving average price of $137.09.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, equities research analysts forecast that PTC will post 6.56 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.