PTC - PTC Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PTC shares.
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9 analysts have issued 12 month target prices for PTC's shares. Their PTC share price forecasts range from $120.00 to $160.00. On average, they expect the company's stock price to reach $138.44 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
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PTC's stock was trading at $121.15 at the start of the year. Since then, PTC stock has decreased by 11.3% and is now trading at $107.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PTC earnings forecast.

PTC Inc. (NASDAQ:PTC) issued its quarterly earnings results on Wednesday, July, 27th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.78 by $0.19. The technology company earned $462.47 million during the quarter, compared to the consensus estimate of $473.65 million. PTC had a net margin of 26.19% and a trailing twelve-month return on equity of 18.13%. PTC's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share.
Read the conference call transcript.

PTC issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.90 billion-$1.95 billion, compared to the consensus revenue estimate of $1.94 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 many different institutional and retail investors. Top institutional investors include Capital Investment Services of America Inc. (0.18%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Blake D Moret, Catherine Kniker, Corinna Lathan, Eduarda Camacho, James E Heppelmann, Kathleen Mitford, Kristian Talvitie, Michael Ditullio, Phillip M Fernandez, Robert Schechter, Staats Aaron C Von and Staats Aaron C Von.
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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 $107.48.

PTC (NASDAQ:PTC) has a market capitalization of $12.63 billion and generates $1.81 billion in revenue each year. The technology company earns $476.92 million in net income (profit) each year or $4.21 on an earnings per share basis.

The company employs 6,709 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.