PTC (NASDAQ:PTC) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a report released on Saturday morning.

PTC has been the subject of a number of other research reports. Stifel Nicolaus set a $180.00 target price on shares of PTC in a research report on Thursday, February 5th. Barclays started coverage on shares of PTC in a research report on Tuesday, March 17th. They set an “overweight” rating and a $180.00 price target on the stock. Rosenblatt Securities dropped their price objective on shares of PTC from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Royal Bank Of Canada cut their target price on shares of PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Finally, Citigroup reduced their target price on shares of PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. 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 company’s stock. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average target price of $182.08.

PTC Price Performance

Shares of PTC stock opened at $149.23 on Friday. The business’s fifty day moving average price is $158.08 and its 200 day moving average price is $177.67. PTC has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $17.76 billion, a P/E ratio of 21.79, a PEG ratio of 2.55 and a beta of 1.03.

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

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 240 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the transaction, the executive vice president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Corinna Lathan sold 675 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PTC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in PTC in the 4th quarter valued at about $27,000. Palladiem LLC purchased a new stake in shares of PTC during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in shares of PTC in the fourth quarter worth about $29,000. Root Financial Partners LLC acquired a new position in shares of PTC in the third quarter worth about $30,000. Finally, SJS Investment Consulting Inc. boosted its holdings in PTC by 2,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.