PTC Inc. (NASDAQ:PTC) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• PTC has a consensus “Hold” rating from 14 brokerages: seven recommend buying, six suggest holding and one rates it a sell. The average 12-month price target is $170.14.
• In its latest quarter, PTC reported EPS of $1.58, slightly ahead of estimates, while revenue of $600.05 million missed forecasts and declined 6.8% year over year.
• Institutional investors own 95.14% of PTC, with major funds including Norges Bank and Renaissance Technologies recently initiating or increasing positions.

Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have received a consensus rating of "Hold" from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $170.1429.

A number of equities research analysts have issued reports on the stock. 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 report on Thursday, July 30th. Barclays increased their target price on PTC from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Citigroup lifted their price target on PTC from $127.00 to $141.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Robert W. Baird set a $198.00 price objective on PTC in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of PTC in a report on Monday, August 3rd.

PTC Price Performance

Shares of NASDAQ:PTC opened at $150.44 on Wednesday. The firm has a market capitalization of $16.32 billion, a PE ratio of 14.55, a P/E/G ratio of 2.17 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $126.23 and a two-hundred day moving average price of $140.69. PTC has a twelve month low of $108.50 and a twelve month high of $217.64.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (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 company's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts forecast that PTC will post 6.47 EPS for the current year.

Institutional Investors Weigh In On PTC

Several hedge funds and other institutional investors have recently modified their holdings of PTC. Norges Bank purchased a new position in shares of PTC during the fourth quarter worth approximately $295,399,000. Tensor Edge Capital LLC purchased a new stake in shares of PTC in the 4th quarter valued at $26,132,000. Forsta AP Fonden boosted its stake in shares of PTC by 62.2% in the 4th quarter. Forsta AP Fonden now owns 43,300 shares of the technology company's stock valued at $7,543,000 after purchasing an additional 16,600 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of PTC by 89.3% during the 1st quarter. Renaissance Technologies LLC now owns 389,100 shares of the technology company's stock valued at $55,443,000 after purchasing an additional 183,600 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of PTC by 260.8% during the 4th quarter. M&T Bank Corp now owns 14,304 shares of the technology company's stock valued at $2,492,000 after purchasing an additional 10,339 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

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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