PTC (PTC) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PTC shares.
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12 Wall Street research analysts have issued 1 year price objectives for PTC's stock. Their PTC share price forecasts range from $130.00 to $180.00. On average, they expect the company's share price to reach $160.92 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
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PTC's stock was trading at $120.04 at the beginning of 2023. Since then, PTC stock has increased by 17.2% and is now trading at $140.65.
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PTC saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,120,000 shares, a decrease of 23.8% from the August 15th total of 1,470,000 shares. Based on an average daily volume of 768,700 shares, the short-interest ratio is presently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PTC earnings forecast.

PTC Inc. (NASDAQ:PTC) posted its earnings results on Wednesday, July, 26th. The technology company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.68 by $0.04. The technology company had revenue of $542.34 million for the quarter, compared to analysts' expectations of $530.35 million. PTC had a trailing twelve-month return on equity of 15.41% and a net margin of 14.90%.

ETFs with the largest weight of PTC (NASDAQ:PTC) stock in their portfolio include Fidelity Disruptive Automation ETF (FBOT), iShares Future Metaverse Tech and Communications ETF (IVRS), ProShares Metaverse ETF (VERS), VictoryShares THB Mid Cap ESG ETF (MDCP), 3D Printing ETF (PRNT), ProShares S&P Kensho Smart Factories ETF (MAKX), Pacer BlueStar Engineering the Future ETF (BULD) and Fidelity Metaverse ETF (FMET).

PTC issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $4.07-$4.38 for the period, compared to the consensus earnings per share estimate of $4.37. The company issued revenue guidance of $2.09 billion-$2.12 billion, compared to the consensus revenue estimate of $2.10 billion.

783 employees have rated PTC Chief Executive Officer Jim Heppelmann on Glassdoor.com. Jim Heppelmann has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), PayPal (PYPL), Tesla (TSLA), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Cisco Systems (CSCO) and Block (SQ).

PTC trades on the NASDAQ under the ticker symbol "PTC."

PTC's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.54%), State Street Corp (3.63%), Alliancebernstein L.P. (3.18%), Geode Capital Management LLC (2.04%), Ownership Capital B.V. (1.68%) and Impax Asset Management Group plc (1.27%). Insiders that own company stock include Blake D Moret, Catherine Kniker, Corinna Lathan, Eduarda Camacho, James E Heppelmann, Kathleen Mitford, Kristian Talvitie, Michael Ditullio, Paul A Lacy, Phillip M Fernandez, Robert Schechter, Staats Aaron C Von and Staats Aaron C Von.
View institutional ownership trends.

Shares of PTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTC stock can currently be purchased for approximately $140.65.

PTC (NASDAQ:PTC) has a market capitalization of $16.71 billion and generates $1.93 billion in revenue each year. The technology company earns $313.08 million in net income (profit) each year or $2.57 on an earnings per share basis.

The company employs 6,503 workers across the globe.

PTC's mailing address is 121 SEAPORT BOULEVARD, BOSTON MA, 02210. The official website for the company is www.ptc.com. The technology company can be reached via phone at (781) 370-5000, via email at investor@ptc.com, or via fax at 781-370-6000.