Analysts Set PTC Inc. (NASDAQ:PTC) Target Price at $202.14

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 assigned an average recommendation of "Moderate Buy" from the sixteen research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $202.1429.

Several equities research analysts have recently commented on PTC shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their target price on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. BMO Capital Markets lifted their price target on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction dated Wednesday, August 6th. The shares were 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 in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company's stock.

Hedge Funds Weigh In On PTC

Several hedge funds have recently added to or reduced their stakes in PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC during the first quarter worth $26,000. Motco acquired a new position in shares of PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PTC in the first quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new stake in PTC during the 1st quarter worth about $39,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of PTC during the 4th quarter worth approximately $47,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.0%

Shares of NASDAQ:PTC traded down $0.02 during midday trading on Friday, reaching $205.93. The company had a trading volume of 920,299 shares, compared to its average volume of 1,045,492. The stock's fifty day moving average price is $207.24 and its 200-day moving average price is $178.11. The stock has a market capitalization of $24.67 billion, a P/E ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.18. PTC has a one year low of $133.38 and a one year high of $219.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89.

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

PTC Company Profile

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.