PTC (NASDAQ:PTC) Cut to “Equal Weight” at Barclays

Barclays lowered shares of PTC (NASDAQ:PTC) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, MarketBeat reports. Barclays currently has $205.00 price objective on the technology company’s stock, up from their previous price objective of $155.00.

Several other research analysts have also recently commented on the stock. BMO Capital Markets increased their target price on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. Loop Capital cut shares of PTC from a “buy” rating to a “hold” rating and boosted their price target for the stock from $200.00 to $205.00 in a research report on Monday. Stifel Nicolaus reduced their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Piper Sandler reduced their price objective on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $200.06.

PTC Trading Up 0.3%

NASDAQ:PTC opened at $193.60 on Monday. PTC has a twelve month low of $108.50 and a twelve month high of $206.82. 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 business has a 50 day moving average price of $146.59 and a two-hundred day moving average price of $137.82. The company has a market cap of $21.01 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $611.62 million. During the same period last year, the business earned $1.64 EPS. The business’s quarterly revenue 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. As a group, analysts expect that PTC will post 6.54 EPS for the current fiscal year.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 1,750 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the sale, the director owned 6,679 shares of the company’s stock, valued at approximately $1,307,414.25. This represents a 20.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in PTC by 13.2% during the second quarter. QRG Capital Management Inc. now owns 7,089 shares of the technology company’s stock worth $805,000 after acquiring an additional 828 shares in the last quarter. State Street Corp grew its position in shares of PTC by 10.2% in the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after acquiring an additional 596,955 shares during the period. Tidal Investments LLC grew its position in shares of PTC by 25.1% in the 2nd quarter. Tidal Investments LLC now owns 40,728 shares of the technology company’s stock valued at $4,627,000 after acquiring an additional 8,177 shares during the period. Archford Capital Strategies LLC increased its stake in shares of PTC by 4.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 5,135 shares of the technology company’s stock worth $583,000 after purchasing an additional 232 shares during the last quarter. Finally, National Pension Service increased its stake in shares of PTC by 33.5% during the 2nd quarter. National Pension Service now owns 40,800 shares of the technology company’s stock worth $4,635,000 after purchasing an additional 10,231 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Key PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s proposed acquisition values PTC at approximately $22.6 billion and would pay shareholders $205 per share in cash. The offer provides a defined exit value and helps explain why PTC is trading close to the transaction price. Schneider expects the combination to expand its industrial software and artificial-intelligence capabilities. Schneider Electric acquires PTC
• Positive Sentiment: JPMorgan upgraded PTC from “underweight” to “neutral” and raised its target from $145 to $205. Mizuho also lifted its target from $160 to $205, reflecting the proposed cash consideration and reducing perceived downside if the merger closes. PTC analyst rating updates
• Positive Sentiment: PTC’s 50-day moving average recently crossed above its 200-day moving average, forming a “golden cross.” The technical signal indicates stronger momentum, although merger news remains the more important catalyst. PTC golden cross analysis

PTC Company Profile

PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.

PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.