PTC (NASDAQ:PTC) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• PTC has received an upgrade from Wall Street Zen, shifting from a "buy" rating to a "strong-buy" rating, indicating increased confidence from analysts.
• Several analysts have raised their price targets for PTC, with Piper Sandler setting it at $200 and Royal Bank Of Canada at $235, contributing to a consensus price target of $202.14.
• In its latest earnings report, PTC reported $1.64 EPS, significantly exceeding expectations, with a year-over-year revenue increase of 24.2%.

PTC (NASDAQ:PTC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Several other research analysts also recently commented on the stock. Piper Sandler lifted their price target on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Oppenheimer lifted their target price on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, 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 report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, PTC presently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

PTC Stock Performance

NASDAQ PTC traded down $0.73 during trading on Friday, hitting $205.22. 424,476 shares of the company's stock traded hands, compared to its average volume of 1,042,382. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 2.12 and a beta of 1.18. PTC has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50 day moving average of $207.24 and a 200-day moving average of $178.11.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities research analysts anticipate that PTC will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Hedge Funds Weigh In On PTC

Large investors have recently modified their holdings of the business. Daventry Group LP increased its holdings in PTC by 5.0% during the 2nd quarter. Daventry Group LP now owns 247,723 shares of the technology company's stock worth $42,693,000 after purchasing an additional 11,879 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of PTC by 44.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,131 shares of the technology company's stock valued at $1,057,000 after purchasing an additional 1,889 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of PTC by 6.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,542 shares of the technology company's stock valued at $1,644,000 after purchasing an additional 594 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of PTC in the second quarter valued at approximately $346,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in PTC during the second quarter worth $53,000. Institutional investors and hedge funds own 95.14% of the company's stock.

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.