PTC (PTC) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PTC shares.
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13 analysts have issued 12 month price objectives for PTC's shares. Their PTC share price forecasts range from $130.00 to $170.00. On average, they expect the company's share price to reach $155.50 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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PTC's stock was trading at $120.04 on January 1st, 2023. Since then, PTC shares have increased by 13.7% and is now trading at $136.43.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our PTC earnings forecast.

PTC Inc. (NASDAQ:PTC) released its quarterly earnings results on Wednesday, February, 1st. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by $0.01. The technology company earned $465.91 million during the quarter, compared to analyst estimates of $464.43 million. PTC had a trailing twelve-month return on equity of 15.62% and a net margin of 15.96%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share.
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ETFs with the largest weight of PTC (NASDAQ:PTC) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), iShares Future Metaverse Tech and Communications ETF (IVRS), 3D Printing ETF (PRNT), VictoryShares THB Mid Cap ESG ETF (MDCP), Pacer BlueStar Engineering the Future ETF (BULD), Gabelli Automation ETF (GAST), Fidelity Metaverse ETF (FMET) and ProShares Metaverse ETF (VERS).

PTC issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.08 billion-$2.14 billion, compared to the consensus revenue estimate of $2.11 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.57%), Pictet Asset Management SA (4.13%), State Street Corp (3.51%), Select Equity Group L.P. (2.95%), Geode Capital Management LLC (1.97%) and Ownership Capital B.V. (1.82%). 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 $136.43.

PTC (NASDAQ:PTC) has a market capitalization of $16.15 billion and generates $1.98 billion in revenue each year. The technology company earns $313.08 million in net income (profit) each year or $2.66 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.