PTC (NASDAQ:PTC) Trading Down 4.2% – Should You Sell?

Shares of PTC Inc. (NASDAQ:PTC) dropped 4.2% on Thursday . The stock traded as low as $131.51 and last traded at $129.3490. Approximately 144,028 shares traded hands during trading, a decline of 88% from the average daily volume of 1,247,530 shares. The stock had previously closed at $135.08.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PTC. Barclays raised their price target on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of PTC in a research report on Tuesday, May 5th. Berenberg Bank set a $170.00 target price on PTC in a report on Wednesday, May 27th. Finally, Mizuho dropped their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Ten research 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 an average target price of $176.71.

PTC Price Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $140.74 and a two-hundred day moving average price of $155.76. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.02 and a beta of 0.97.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The business had revenue of $774.30 million for the quarter, compared to analysts’ expectations of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, research analysts forecast that PTC Inc. will post 6.3 EPS for the current year.

Insider Activity

In related news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total value of $118,989.12. Following the sale, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. This trade represents a 39.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the sale, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Institutional Trading of PTC

Several hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in PTC by 3.4% in the 4th 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 last quarter. State Street Corp grew 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 worth $1,028,822,000 after purchasing an additional 312,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 71,181 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of PTC by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of PTC by 17.8% in the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after acquiring an additional 529,208 shares in the last quarter. 95.14% of the stock is currently owned by 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.