PTC (NASDAQ:PTC) Price Target Cut to $160.00 by Analysts at Mizuho

PTC (NASDAQ:PTC) had its price objective reduced by equities researchers at Mizuho from $180.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Mizuho’s target price points to a potential upside of 5.91% from the stock’s current price.

PTC has been the subject of a number of other research reports. Barclays initiated coverage on shares of PTC in a report on Tuesday, March 17th. They issued an “overweight” rating and a $180.00 target price for the company. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets decreased their target price on shares of PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. downgraded shares of PTC from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $205.00 to $162.00 in a report on Monday, February 2nd. Finally, Royal Bank Of Canada cut their price objective on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.08.

PTC Price Performance

Shares of PTC traded up $1.26 during midday trading on Monday, hitting $151.07. The company’s stock had a trading volume of 437,721 shares, compared to its average volume of 1,129,220. PTC has a one year low of $133.38 and a one year high of $219.69. The company’s fifty day simple moving average is $158.52 and its two-hundred day simple moving average is $178.12. 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 stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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. The business had revenue of $685.83 million during the quarter, compared to the consensus estimate of $635.44 million. PTC had a return on equity of 24.63% and a net margin of 28.86%.PTC’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. As a group, equities analysts expect that PTC will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the sale, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the transaction, the executive vice president owned 22,221 shares of the company’s stock, valued at approximately $3,579,803.10. The trade was a 1.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of PTC

A number of large investors have recently bought and sold shares of PTC. Norges Bank acquired a new stake in PTC in the 4th quarter valued at $295,399,000. T. Rowe Price Investment Management Inc. raised its holdings in PTC by 3.4% during the fourth 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 buying an additional 602,858 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after buying an additional 417,130 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of PTC by 31.4% during the second quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock valued at $266,715,000 after buying an additional 370,097 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of PTC by 26.8% during the fourth quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock worth $297,924,000 after acquiring an additional 361,038 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.