PTC (NASDAQ:PTC) Trading Down 6.9% – Here’s Why

Shares of PTC Inc. (NASDAQ:PTC) were down 6.9% on Wednesday . The company traded as low as $112.26 and last traded at $112.4130. 741,914 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 1,412,763 shares. The stock had previously closed at $120.77.

Analysts Set New Price Targets

Several research firms have weighed in on PTC. BNP Paribas Exane started coverage on PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $190.00 target price on shares of PTC in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research note on Thursday, May 7th. Finally, Barclays reduced their price objective on shares of PTC from $185.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.27.

PTC Trading Down 7.0%

The business has a 50 day simple moving average of $128.89 and a 200-day simple moving average of $144.36. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. During the same quarter in the previous year, the business posted $1.79 EPS. PTC’s revenue for the quarter was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, equities analysts expect that PTC Inc. will post 6.35 earnings per share for the current year.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new position in PTC in the 4th quarter worth $27,000. Palladiem LLC acquired a new stake in shares of PTC in the 4th quarter valued at about $28,000. DV Equities LLC bought a new stake in shares of PTC in the fourth quarter valued at about $29,000. Quarry LP lifted its holdings in shares of PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of PTC by 2,725.0% during the fourth quarter. Rakuten Securities Inc. now owns 226 shares of the technology company’s stock worth $39,000 after buying an additional 218 shares during the period. 95.14% of the stock is owned by institutional investors.

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.