PTC (NASDAQ:PTC) Trading Down 6.1% - What's Next?

Key Points

• PTC shares fell 6.1% to approximately $140.91 in mid-day trading, with volume down 91% from the average daily level.
• Analysts have a mixed outlook: seven rate PTC a Buy, six a Hold, and one a Sell, producing an average “Hold” rating and a $170.14 target price.
• PTC narrowly beat quarterly earnings expectations, reporting $1.58 in EPS versus $1.57 expected, but revenue declined 6.8% year over year to $600.05 million.

PTC Inc. (NASDAQ:PTC - Get Free Report) shares traded down 6.1% during mid-day trading on Friday . The stock traded as low as $140.00 and last traded at $140.9120. 130,081 shares were traded during trading, a decline of 91% from the average daily volume of 1,404,224 shares. The stock had previously closed at $150.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PTC shares. Berenberg Bank set a $170.00 price target on PTC in a research report on Wednesday, May 27th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Piper Sandler decreased their target price on shares of PTC from $175.00 to $157.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus decreased their target price on shares of PTC from $180.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, BMO Capital Markets boosted their target price on shares of PTC from $155.00 to $164.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PTC presently has an average rating of "Hold" and an average target price of $170.14.

PTC Price Performance

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 company has a market cap of $15.40 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.04 and a beta of 1.00. The business has a fifty day moving average price of $136.18 and a 200 day moving average price of $140.01.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same period last year, the firm posted $1.64 earnings per share. PTC's revenue was down 6.8% compared to the same quarter last year. 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, research analysts anticipate that PTC Inc. will post 6.54 earnings per share for the current year.

Institutional Investors Weigh In On PTC

Several hedge funds and other institutional investors have recently made changes to their positions in PTC. California State Teachers Retirement System boosted its position in PTC by 11,021.4% in the second quarter. California State Teachers Retirement System now owns 19,248,715 shares of the technology company's stock valued at $2,186,847,000 after buying an additional 19,075,637 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of PTC by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company's stock valued at $3,202,720,000 after acquiring an additional 602,858 shares during the last quarter. State Street Corp lifted its stake in shares of PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company's stock valued at $1,028,822,000 after acquiring an additional 312,000 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of PTC during the 2nd quarter valued at $418,553,000. Finally, Geode Capital Management LLC boosted its holdings in shares of PTC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company's stock valued at $619,901,000 after acquiring an additional 71,181 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

About PTC

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.

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