Analysts Set PTC Inc. (NASDAQ:PTC) PT at $170.14

Shares of PTC Inc. (NASDAQ:PTC) have received an average rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $170.1429.

PTC has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane initiated coverage on PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price for the company. Barclays upped their target price on shares of PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Finally, Berenberg Bank set a $170.00 price target on shares of PTC in a research note on Wednesday, May 27th.

PTC Trading Down 2.7%

NASDAQ:PTC opened at $149.75 on Wednesday. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.21 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average price is $126.95 and its 200-day moving average price is $140.58. PTC has a 52 week low of $108.50 and a 52 week high of $217.64.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. During the same period in the previous year, the business earned $1.64 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, equities research analysts forecast that PTC will post 6.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PTC

A number of large investors have recently added to or reduced their stakes in PTC. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after buying an additional 602,858 shares during the period. State Street Corp grew its holdings in shares of PTC by 5.6% in the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock worth $1,028,822,000 after acquiring an additional 312,000 shares during the period. Jupiter Topco LLC purchased a new stake in PTC during the second quarter valued at $418,553,000. Geode Capital Management LLC increased its position in PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after acquiring an additional 71,181 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock valued at $503,000,000 after acquiring an additional 11,278 shares during the period. Institutional investors own 95.14% of the company’s stock.

About PTC

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.