PTC (NASDAQ:PTC) Price Target Raised to $155.00 at Citigroup

Key Points

• Citigroup raised its price target on PTC from $146 to $155 while keeping a neutral rating, implying about 5.7% upside from the current share price.
• PTC’s latest earnings beat expectations, with Q2 EPS of $2.69 and revenue of $774.3 million both coming in above estimates. The company also reported 21.7% year-over-year revenue growth.
• Despite the analyst optimism, PTC stock was down 0.7% on Friday to $146.65, and insider selling has continued recently, including sales by a director and an EVP.

PTC (NASDAQ:PTC - Get Free Report) had its price objective raised by Citigroup from $146.00 to $155.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Citigroup's price target indicates a potential upside of 5.69% from the stock's current price.

A number of other research analysts have also recently commented on the company. Wall Street Zen raised PTC from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday. BMO Capital Markets cut their target price on PTC from $219.00 to $189.00 and set an "outperform" rating on the stock in a research note on Thursday, February 5th. Barclays upped their target price on PTC from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Weiss Ratings cut PTC from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.23.

PTC Trading Down 0.7%

PTC stock traded down $1.00 during midday trading on Friday, reaching $146.65. 1,218,476 shares of the company traded hands, compared to its average volume of 1,199,899. PTC has a 52-week low of $130.89 and a 52-week high of $219.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average of $146.29 and a 200-day moving average of $163.60. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 2.38 and a beta of 0.98.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million for the quarter, compared to analysts' expectations of $712.40 million. PTC had a return on equity of 26.07% and a net margin of 41.81%.The company's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, sell-side analysts expect that PTC will post 6.13 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 675 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director owned 8,429 shares of the company's stock, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the transaction, the executive vice president directly owned 22,221 shares in the company, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of PTC

A number of hedge funds have recently bought and sold shares of the stock. Campbell Newman Asset Management Inc. lifted its holdings in PTC by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company's stock worth $2,466,000 after buying an additional 49 shares during the period. Versant Capital Management Inc lifted its holdings in PTC by 37.6% during the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company's stock worth $39,000 after buying an additional 53 shares during the period. Trust Point Inc. lifted its holdings in shares of PTC by 3.2% during the 4th quarter. Trust Point Inc. now owns 2,035 shares of the technology company's stock valued at $355,000 after purchasing an additional 63 shares during the last quarter. Strategic Advisors LLC lifted its holdings in shares of PTC by 0.9% during the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company's stock valued at $1,298,000 after purchasing an additional 65 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of PTC by 23.2% during the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company's stock valued at $68,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

More PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: PTC beat Wall Street expectations with Q2 adjusted EPS of $2.69 and revenue of $774.3 million, both ahead of estimates, signaling stronger-than-expected execution. PTC earnings report
• Positive Sentiment: The company raised full-year fiscal 2026 guidance for revenue and non-GAAP EPS, which suggests management sees momentum continuing into the rest of the year. Reuters article
• Positive Sentiment: Investors also reacted to strong ARR growth, better cash generation, and a large share repurchase plan, all of which point to improving fundamentals and shareholder returns. Quiver Quantitative article
• Positive Sentiment: Analyst and market commentary today has been focused on PTC beating estimates and benefiting from AI-related demand trends, reinforcing the bullish reaction. Zacks article
• Neutral Sentiment: Some recent institutional filings show mixed ownership trends, with several funds adding to PTC while others trimmed positions. Fund update
• Negative Sentiment: One offsetting caution is that insider selling has been persistent over recent months, which may keep some investors guarded despite the strong earnings beat. Quiver Quantitative article

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.