PTC (NASDAQ:PTC) Now Covered by Analysts at Barclays

Research analysts at Barclays began coverage on shares of PTC (NASDAQ:PTC) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $180.00 price target on the technology company’s stock. Barclays‘s price target indicates a potential upside of 15.43% from the stock’s previous close.

A number of other equities research analysts have also recently commented on PTC. Rosenblatt Securities dropped their target price on PTC from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. BMO Capital Markets lowered their price target on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. KeyCorp set a $210.00 price objective on PTC in a report on Thursday, February 5th. Citigroup cut their price objective on PTC from $181.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. downgraded PTC from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $205.00 to $162.00 in a research note on Monday, February 2nd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

PTC Stock Performance

Shares of PTC stock opened at $155.94 on Tuesday. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.55 and a beta of 1.03. PTC has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $160.32 and its 200 day moving average is $179.86.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.59 by $0.33. PTC had a net margin of 28.86% and a return on equity of 24.63%. The business had revenue of $685.83 million during the quarter, compared to analyst estimates of $635.44 million. During the same period in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, sell-side analysts anticipate that PTC will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of PTC stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the sale, the executive vice president owned 22,221 shares in the company, valued at $3,579,803.10. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in 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 worth $3,202,720,000 after purchasing an additional 602,858 shares in the last quarter. Vanguard Group Inc. raised its position in PTC by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after purchasing an additional 416,791 shares in the last quarter. State Street Corp boosted its stake in shares of PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after buying an additional 312,000 shares during the period. Geode Capital Management LLC grew its position in shares of PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock worth $619,901,000 after buying an additional 71,181 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of PTC by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock worth $613,009,000 after buying an additional 32,508 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Company Profile

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.