PTC Inc. (NASDAQ:PTC) Receives $202.14 Consensus Price Target from Analysts

Key Points

• PTC Inc. has received an average consensus rating of "Moderate Buy" from 16 brokerages, with 11 analysts recommending a buy and 5 advising a hold.
• The company's stock price target has seen significant increases, with recent projections ranging from $120.00 to $245.00 depending on the brokerage.
• PTC's latest earnings report showed an EPS of $1.64, surpassing estimates, and a revenue increase of 24.2% year-over-year, highlighting strong financial performance.

PTC Inc. (NASDAQ:PTC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $202.1429.

Several research firms recently weighed in on PTC. Oppenheimer raised their target price on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada raised their target price on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares of the company's stock, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after buying an additional 473 shares in the last quarter. Mather Group LLC. raised its position in shares of PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company's stock worth $131,000 after purchasing an additional 131 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after purchasing an additional 2,285 shares during the period. M&T Bank Corp raised its position in shares of PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after purchasing an additional 724 shares during the period. Finally, Bright Rock Capital Management LLC acquired a new position in shares of PTC during the second quarter worth approximately $2,154,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.8%

Shares of PTC traded down $1.65 on Friday, hitting $204.28. The company's stock had a trading volume of 200,018 shares, compared to its average volume of 1,040,756. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $207.54 and its 200-day moving average price is $178.42. PTC has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 48.20, a P/E/G ratio of 2.12 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's revenue was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities research analysts expect that PTC will post 4.46 EPS for the current year.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.