NASDAQ:PTC

PTC (PTC) Stock Forecast, Price & News

$138.47

+0.27 (+0.20%)

(As of 09/27/2023 ET)

Compare

Today's Range: $136.00
▼
$139.12
50-Day Range: $138.20
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$147.17
52-Week Range: $101.82
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$152.09

Volume: 670,930 shs
Average Volume: 760,176 shs
Market Capitalization: $16.45 billion

P/E Ratio: 53.88
Dividend Yield: N/A
Price Target: $160.92

PTC MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 16.2% Upside
$160.92 Price Target
Short Interest: Healthy
1.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.17
Upright™ Environmental Score
News Sentiment: 0.64
Based on 13 Articles This Week
Insider Trading: Selling Shares
$1.27 M Sold Last Quarter
Proj. Earnings Growth: 26.53%
From $2.94 to $3.72 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Computer And Technology Sector

127th out of 603 stocks

Prepackaged Software Industry

34th out of 207 stocks

3.4

Analyst's Opinion

Consensus Rating
PTC has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $160.92, PTC has a forecasted upside of 16.2% from its current price of $138.47.
Amount of Analyst Coverage
PTC has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.19% of the outstanding shares of PTC have been sold short.
Short Interest Ratio / Days to Cover
PTC has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PTC has recently increased by 25.89%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
PTC does not currently pay a dividend.
Dividend Growth
PTC does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PTC has received a 21.24% net impact score from Upright. PTC seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "IoT software", "Architectural design 3D modelling software", and "Architectural design 2D modelling software" products. See details.
Environmental Sustainability
The Environmental Impact score for PTC is -1.17.

2.0

News and Social Media Coverage

News Sentiment
PTC has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for PTC this week, compared to 8 articles on an average week.
Search Interest
Only 1 people have searched for PTC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added PTC to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PTC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,273,448.00 in company stock.
Percentage Held by Insiders
Only 8.26% of the stock of PTC is held by insiders.
Percentage Held by Institutions
92.23% of the stock of PTC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PTC are expected to grow by 26.53% in the coming year, from $2.94 to $3.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PTC is 53.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of PTC is 53.88, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 272.59.
Price to Earnings Growth Ratio
PTC has a PEG Ratio of 3.74. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PTC has a P/B Ratio of 7.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PTC (NASDAQ:PTC) Stock

PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR. In addition, the company provides Onshape, a cloud product development platform that delivers computer-aided design with data management tools; Arena, a PLM and QMS products that delivers cloud solutions; Creo, a 3D CAD technology enables for product design and development, and Windchill, a product lifecycle management software. Further, it offers Servigistics, service parts management solution; Codebeamer, an application lifecycle management for products and software development. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.

PTC Price History

30 days | 90 days | 365 days | Advanced Chart

PTC Stock News Headlines

September 11, 2023 | marketbeat.com

16 Top Robotics Companies to Get to Know in 2023 (PTC)

What are the top robotics companies in the USA, as robotics continues to grow? Learn more about the best companies today with MarketBeat.

August 30, 2023 | marketbeat.com

7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze (PTC)

What are the best AI mutual funds, as AI continues to influence many sectors? Learn more about the best AI mutual funds to buy now with MarketBeat.

September 27, 2023 | UNKNOWN (Ad)

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September 27, 2023 | americanbankingnews.com

PTC Inc. (NASDAQ:PTC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

September 25, 2023 | tmcnet.com

AgXelerators Chooses Purdue Research Park as its First Innovation Space

September 24, 2023 | finance.yahoo.com

PTC Inc. (NASDAQ:PTC) Shares Could Be 48% Below Their Intrinsic Value Estimate

September 23, 2023 | msn.com

Potential Tropical Cyclone 16 to bring impacts to the U.S. East Coast

September 22, 2023 | msn.com

Indore: PTC Gets FICCI Award For Smart Policing

September 27, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

September 22, 2023 | cbsnews.com

Maryland Weather: Potential Tropical Cyclone Sixteen

September 22, 2023 | cbsnews.com

What is a Tropical Cyclone? Our First Alert Weather team explains.

September 21, 2023 | msn.com

New potential tropical system off the east coast, plus a wave much farther east could soon develop

September 21, 2023 | sports.yahoo.com

Portage high school scores | Sept. 20: Mogadore cross country excels at PTC Super Duals

September 20, 2023 | msn.com

SGX: DBS Anticipates Profit Surge at ComfortDelGro with Public Transport Fare Hike

September 19, 2023 | finance.yahoo.com

Director Corinna Lathan Sells 800 Shares of PTC Inc

September 19, 2023 | americanbankingnews.com

Insider Selling: PTC Inc. (NASDAQ:PTC) COO Sells 3,000 Shares of Stock

September 19, 2023 | msn.com

7% fare hike to hit bus and train commuters in SG

September 18, 2023 | msn.com

Citi lowers PTC Therapeutics to neutral amid uncertainty for DMD drug

September 18, 2023 | msn.com

Bus, MRT fares increase by 7 per cent: Adults to pay up to 11 cents more from 23 Dec

September 15, 2023 | msn.com

Raymond James Downgrades PTC Therapeutics (PTCT)

September 15, 2023 | msn.com

PTC Therapeutics Crashes 29% After European Regulators Reject Its Muscular Dystrophy Drug

September 15, 2023 | markets.businessinsider.com

European Authority Gives Thumbs Down To PTC Therapeutics' Duchenne Therapy; Analyst Says It Can Overturn The Challenge

September 15, 2023 | marketwatch.com

PTC Therapeutics Shares Fall Premarket on Negative CHMP Opinion on Translarna

September 13, 2023 | businesswire.com

Toshiba Expands Line-up of Thermoflagger™, a Simple Solution that Detects Temperature Rises in Electronic Equipment

September 12, 2023 | finance.yahoo.com

Nucleus Research Releases 2023 Industrial IoT Platform Technology Value Matrix

September 12, 2023 | benzinga.com

Pittsburgh Technical College shreds paper order from a pallet a month to one a year

September 11, 2023 | finance.yahoo.com

Magnachip Targets Electric Vehicle Market with New 1200V and 650V IGBTs Featuring Advanced Field Stop Trench Technology

See More Headlines

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PTC Company Calendar

Last Earnings: 7/26/2023
Today: 9/27/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 11/01/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:PTC
Previous Symbol: NASDAQ:PMTC
CUSIP: N/A
CIK: 857005
Web: www.ptc.com
Phone: (781) 370-5000
Fax: 781-370-6000
Employees: 6,503
Year Founded: 1985

Price Target and Rating

Average Stock Price Forecast: $160.92
High Stock Price Forecast: $180.00
Low Stock Price Forecast: $130.00
Forecasted Upside/Downside: +16.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.57
Trailing P/E Ratio: 53.69
Forward P/E Ratio: 46.93
P/E Growth: 3.74
Net Income: $313.08 million
Net Margins: 14.90%
Pretax Margin: 18.53%
Return on Equity: 15.41%
Return on Assets: 6.88%

Debt

Debt-to-Equity Ratio: 0.67
Current Ratio: 0.68
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $2.06 billion
Price / Sales: 7.97
Cash Flow: $4.38 per share
Price / Cash Flow: 31.50
Book Value: $19.55 per share
Price / Book: 7.06

Miscellaneous

Outstanding Shares: 118,833,000
Free Float: 109,017,000
Market Cap: $16.40 billion
Optionable: Optionable
Beta: 1.18

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Key Executives

Mr. James E. Heppelmann (Age 59)
CEO, Member of National First Exec. Advisory Board & Chairman
Comp: $2.54M

Mr. Michael DiTullio (Age 55)
Pres & COO
Comp: $1.07M

Mr. Kristian P. Talvitie (Age 53)
Exec. VP & CFO
Comp: $1.18M

Mr. Aaron C. Von Staats Esq. (Age 57)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $871.01k

Ms. Catherine A. Kniker (Age 56)
Exec. VP & Chief Strategy and Marketing Officer
Comp: $811.99k

Mr. Steve Dertien
CTO & Exec. VP

Mr. Matthew Shimao
Sr. VP of Investor Relations

Ms. Lisa Reilly
Exec. VP & Chief People Officer

Mr. Jamie Pappas
Chief Revenue Officer

Mr. Eric Snow
Sr. VP of Corp. Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PTC Stock - Frequently Asked Questions

Should I buy or sell PTC stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last twelve months. 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.
View PTC analyst ratings or view top-rated stocks.
What is PTC's stock price forecast for 2023?: 12 analysts have issued 1-year price targets for PTC's stock. Their PTC share price forecasts range from $130.00 to $180.00. On average, they anticipate the company's stock price to reach $160.92 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for PTC or view top-rated stocks among Wall Street analysts.
How have PTC shares performed in 2023?: PTC's stock was trading at $120.04 at the beginning of the year. Since then, PTC stock has increased by 14.9% and is now trading at $137.97.
View the best growth stocks for 2023 here.
Are investors shorting PTC?: PTC saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,410,000 shares, an increase of 25.9% from the August 31st total of 1,120,000 shares. Based on an average trading volume of 787,700 shares, the days-to-cover ratio is currently 1.8 days.
View PTC's Short Interest.
When is PTC's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PTC earnings forecast.
How were PTC's earnings last quarter?: PTC Inc. (NASDAQ:PTC) announced its quarterly earnings data on Wednesday, July, 26th. The technology company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by $0.04. The technology company had revenue of $542.34 million for the quarter, compared to analyst estimates of $530.35 million. PTC had a trailing twelve-month return on equity of 15.41% and a net margin of 14.90%.
What ETFs hold PTC's stock?: 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).
What guidance has PTC issued on next quarter's earnings?: PTC updated 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.

What is Jim Heppelmann's approval rating as PTC's CEO?: 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.
What other stocks do shareholders of PTC own?: 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).
What is PTC's stock symbol?: PTC trades on the NASDAQ under the ticker symbol "PTC."
Who are PTC's major shareholders?: PTC's stock is owned by a number of retail and institutional 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.
How do I buy shares of PTC?: 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.
Compare Top Brokerages Here.
What is PTC's stock price today?: One share of PTC stock can currently be purchased for approximately $137.97.
How much money does PTC make?: PTC (NASDAQ:PTC) has a market capitalization of $16.40 billion and generates $2.06 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.
How many employees does PTC have?: The company employs 6,503 workers across the globe.
Does PTC have any subsidiaries?: The following companies are subsidiares of PTC: 4C Solutions, Aptavis Technologies Corp., Arbortext, Arena Solutions, Atego, Atego SAS, Auxilium inc., Axeda, Caugnate, CoCreate Software, ColdLight Solutions, ColdLight Solutions LLC, Computervision, Enigma Europe B.V., Enigma Inc, Enigma Information Retrieval Systems Ltd. (UK), ITEDO Software, InPart Design, Kepware Japan KK, Kepware Technologies, MCA Solutions BVBA, MKS Inc, Mathsoft Engineering & Education, NC Graphics (Cambridge) Ltd., NetIDEAS Inc., NetRegulus, OHIO Design Automation, Onshape, PTC (Canada) Inc., PTC (IFSC) Limited, PTC (SSI) dac, PTC Benelux LLC, PTC Eastern Europe Limited S.R.L., PTC Holdings (Europe) B.V., PTC Holdings (NL) B.V., PTC International Inc., PTC International Limited Liability Company, PTC Japan KK, PTC Netherlands C.V., PTC Netherlands LLC, PTC Software (India) Private Limited, PTC Sweden AB, PTC Vuforia Switzerland AG, Parametric Technology (Belgium) b.v.b.a., Parametric Technology (C.R.) s.r.o., Parametric Technology (Denmark) A/S, Parametric Technology (Hong Kong) Ltd., Parametric Technology (India) Private Ltd., Parametric Technology (Republic of Ireland) Ltd., Parametric Technology (Schweiz) AG, Parametric Technology (Shanghai) Software Co. Ltd., Parametric Technology (Slovakia) s.r.o., Parametric Technology (UK) Limited, Parametric Technology Australia Pty. Limited, Parametric Technology Brasil Ltda., Parametric Technology Corporation, Parametric Technology Corporation (Malaysia) Sdn. Bhd., Parametric Technology Espana S.A., Parametric Technology Europe B.V., Parametric Technology Gesellschaft m.b.H., Parametric Technology GmbH, Parametric Technology International Inc., Parametric Technology Israel Ltd., Parametric Technology Italia S.r.l., Parametric Technology Mexico S.A. de C.V., Parametric Technology Nederland B.V., Parametric Technology S.A., Parametric Technology Singapore Pte. Ltd., Parametric Technology South Africa (Propretary) Limited, Parametric Technology Taiwan Ltd., Planet Metrics, Polyplan Technologies, Relex Software, Servigistics, Servigistics (Shanghai) Co. Ltd., Synapsis Technology, ThingWorx, Vuforia, and twnkls.
Read More
How can I contact PTC?: 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.

This page (NASDAQ:PTC) was last updated on 9/28/2023 by MarketBeat.com Staff

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