Rosenblatt Securities Reiterates "Buy" Rating for PTC (NASDAQ:PTC)

PTC (NASDAQ:PTC - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $190.00 price objective on the technology company's stock. Rosenblatt Securities' price target suggests a potential upside of 37.49% from the company's current price.

PTC has been the topic of several other research reports. BMO Capital Markets dropped their target price on PTC from $219.00 to $189.00 and set an "outperform" rating on the stock in a report on Thursday, February 5th. Barclays started coverage on PTC in a report on Tuesday, March 17th. They set an "overweight" rating and a $180.00 target price on the stock. Weiss Ratings lowered PTC from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. Wall Street Zen upgraded PTC from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Finally, Mizuho dropped their target price on PTC from $180.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, March 23rd. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.54.

PTC Stock Performance

Shares of PTC stock opened at $138.19 on Tuesday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. The stock's 50-day moving average is $147.05 and its 200-day moving average is $164.91. PTC has a one year low of $130.89 and a one year high of $219.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.33. The company had revenue of $685.83 million for the quarter, compared to analyst estimates of $635.44 million. PTC had a return on equity of 24.63% and a net margin of 28.86%.The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Equities analysts predict that PTC will post 6.13 earnings per share for the current fiscal year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 675 shares of the company's 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 sale, the director owned 8,429 shares in the company, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 240 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the sale, the executive vice president owned 22,221 shares in the company, valued at $3,579,803.10. This represents a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of PTC

Several institutional investors and hedge funds have recently bought and sold shares of PTC. Campbell Newman Asset Management Inc. grew its position in shares of PTC by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company's stock valued at $2,466,000 after purchasing an additional 49 shares during the last quarter. Versant Capital Management Inc grew its position in shares of PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company's stock valued at $39,000 after purchasing an additional 53 shares during the last quarter. Trust Point Inc. grew its position in shares of PTC by 3.2% in the fourth 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 grew its position in shares of PTC by 0.9% in the fourth 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 grew its position in shares of PTC by 23.2% in the fourth 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. Institutional investors own 95.14% of the company's stock.

About PTC

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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