Rosenblatt Securities Issues Pessimistic Forecast for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price objective lowered by equities research analysts at Rosenblatt Securities from $200.00 to $190.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target points to a potential upside of 23.28% from the company’s previous close.

A number of other research firms have also weighed in on PTC. Wall Street Zen lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Oppenheimer lowered their price target on shares of PTC from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Stifel Nicolaus set a $180.00 price objective on PTC in a research note on Thursday, February 5th. Barclays started coverage on PTC in a report on Tuesday. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, Royal Bank Of Canada lowered their target price on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.08.

PTC Trading Down 1.2%

PTC stock opened at $154.12 on Wednesday. The stock has a 50-day moving average price of $159.90 and a 200 day moving average price of $179.44. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth 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.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, topping 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 company had revenue of $685.83 million for the quarter, compared to the consensus estimate of $635.44 million. During the same quarter in the prior year, the company earned $1.10 EPS. PTC’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. Sell-side analysts anticipate that PTC will post 4.46 EPS for the current year.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 240 shares of PTC stock in a transaction on Wednesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its position in shares of PTC by 3.4% in the fourth 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 purchasing an additional 602,858 shares during the period. Vanguard Group Inc. lifted its stake 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 buying an additional 416,791 shares in the last quarter. State Street Corp lifted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in PTC by 2.0% in the 4th 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 during the last quarter. Finally, Janus Henderson Group PLC increased its stake in PTC by 0.9% during the 4th 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 in the last quarter. 95.14% of the stock is owned by hedge funds and other 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.