PTC (NASDAQ:PTC) Downgraded to "Hold" Rating by Zacks Research

Key Points

• PTC has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, while other analysts maintain a more positive outlook with price targets ranging from $120 to $245.
• The company's recent earnings report showed a significant 24.2% increase in revenue year-over-year, along with an EPS of $1.64, surpassing analysts' expectations.
• Insiders at PTC have been actively trading shares, with EVP Staats Aaron C. Von recently selling 1,988 shares, reducing their ownership by 11.21%.

PTC (NASDAQ:PTC - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. Royal Bank Of Canada boosted their price objective on PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. KeyCorp restated an "overweight" rating and issued a $245.00 target price (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Oppenheimer upped their target price on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, UBS Group restated a "buy" rating on shares of PTC in a research note on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

PTC Stock Performance

NASDAQ:PTC opened at $203.02 on Monday. 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. The firm has a market cap of $24.32 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 2.10 and a beta of 1.18. The business's fifty day moving average is $208.25 and its 200 day moving average is $180.20.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. During the same period in the previous year, the company posted $0.98 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts predict that PTC will post 4.46 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's 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 transaction, the executive vice president directly owned 15,743 shares of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Several large investors have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new stake in PTC during the first quarter valued at about $26,000. Motco bought a new stake in PTC during the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new stake in PTC during the first quarter valued at about $39,000. Finally, SVB Wealth LLC bought a new stake in PTC during the first quarter valued at about $41,000. Institutional investors own 95.14% of the company's stock.

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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