PTC Inc. (NASDAQ:PTC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• PTC Inc. has received an average analyst recommendation of "Moderate Buy", with 12 out of 18 brokerages rating the stock as a buy.
• The average 1-year price target for PTC shares is $202.14, with some brokerages setting targets as high as $245.00.
• PTC reported a 24.2% increase in revenue year-over-year, with earnings per share of $1.64, significantly exceeding analysts' expectations of $1.22.

PTC Inc. (NASDAQ:PTC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $202.1429.

A number of brokerages have recently commented on PTC. Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, July 29th. KeyCorp reiterated an "overweight" rating and set a $245.00 price target (up previously from $192.00) on shares of PTC in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PTC

Several hedge funds and other institutional investors have recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. lifted its holdings in PTC by 17.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after buying an additional 3,048,311 shares during the period. Nuveen LLC bought a new stake in PTC in the first quarter valued at $241,789,000. Norges Bank bought a new stake in PTC in the second quarter valued at $155,673,000. Pictet Asset Management Holding SA increased its stake in PTC by 41.6% in the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares in the last quarter. Finally, CCLA Investment Management bought a new stake in PTC in the second quarter valued at $94,629,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $202.80 on Thursday. The firm has a market cap of $24.29 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The firm's fifty day moving average is $206.90 and its 200-day moving average is $183.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC has a 52 week low of $133.38 and a 52 week high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts predict that PTC will post 4.46 earnings per share 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.

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