PTC (NASDAQ:PTC) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of PTC (NASDAQ:PTC) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Cantor Fitzgerald set a $120.00 target price on PTC and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Royal Bank Of Canada lifted their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. UBS Group reiterated a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Oppenheimer lifted their price target on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.14.

PTC Stock Performance

Shares of PTC opened at $203.02 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50-day moving average of $208.25 and a 200-day moving average of $180.20. The company has a market cap of $24.32 billion, a PE ratio of 47.88, a P/E/G ratio of 2.10 and a beta of 1.18. PTC has a one year low of $133.38 and a one year high of $219.69.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities research analysts predict that PTC will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the sale, the executive vice president owned 15,743 shares of the company’s stock, valued at approximately $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of hedge funds have recently modified their holdings of PTC. T. Rowe Price Investment Management Inc. raised its holdings in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after purchasing an additional 3,048,311 shares during the period. Nuveen LLC bought a new stake in PTC during the 1st quarter valued at $241,789,000. Norges Bank bought a new stake in PTC during the 2nd quarter valued at $155,673,000. Pictet Asset Management Holding SA raised its holdings in PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock valued at $445,687,000 after acquiring an additional 844,418 shares during the period. Finally, CCLA Investment Management bought a new stake in PTC during the 2nd quarter valued at $94,629,000. Institutional investors own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.