PTC - PTC Stock Forecast, Price & News

12 Wall Street research 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 research analysts is that investors should "buy" PTC shares.
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12 brokerages have issued twelve-month target prices for PTC's shares. Their PTC share price forecasts range from $130.00 to $170.00. On average, they predict the company's share price to reach $154.55 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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PTC's stock was trading at $120.04 at the beginning of the year. Since then, PTC shares have increased by 8.8% and is now trading at $130.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PTC earnings forecast.

PTC Inc. (NASDAQ:PTC) announced its quarterly earnings data on Wednesday, February, 1st. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by $0.01. The technology company had revenue of $465.91 million for the quarter, compared to the consensus estimate of $464.43 million. PTC had a trailing twelve-month return on equity of 18.20% and a net margin of 17.62%. The business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS.
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PTC updated its FY 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.07 billion-$2.15 billion, compared to the consensus revenue estimate of $2.04 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 shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.71%), DNB Asset Management AS (0.55%), Stephens Investment Management Group LLC (0.33%), Bank of Montreal Can (0.31%), New York State Common Retirement Fund (0.30%) and DAVENPORT & Co LLC (0.22%). 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 $130.55.

PTC (NASDAQ:PTC) has a market capitalization of $15.43 billion and generates $1.94 billion in revenue each year. The technology company earns $313.08 million in net income (profit) each year or $2.89 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.