Piper Sandler Has Lowered Expectations for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price target cut by equities researchers at Piper Sandler from $200.00 to $175.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock.

Several other analysts have also recently weighed in on PTC. Weiss Ratings cut shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Robert W. Baird set a $255.00 price objective on shares of PTC in a report on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Oppenheimer boosted their target price on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.92.

PTC Price Performance

Shares of NASDAQ:PTC traded up $1.07 during midday trading on Friday, hitting $175.00. The company’s stock had a trading volume of 67,240 shares, compared to its average volume of 997,787. The company has a market cap of $20.96 billion, a P/E ratio of 41.33, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. PTC has a 12-month low of $133.38 and a 12-month high of $219.69. The business’s 50 day simple moving average is $203.37 and its 200 day simple moving average is $189.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $1.21. The business had revenue of $893.80 million for the quarter, compared to analyst estimates of $752.05 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business’s revenue was up 42.7% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. On average, analysts forecast that PTC will post 4.46 EPS for the current year.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock valued at $3,147,478,000 after acquiring an additional 3,048,311 shares during the last quarter. Nuveen LLC purchased a new stake in PTC in the first quarter valued at approximately $241,789,000. Norges Bank acquired a new stake in shares of PTC in the second quarter valued at approximately $155,673,000. Pictet Asset Management Holding SA grew its position in shares of PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock worth $445,687,000 after acquiring an additional 844,418 shares during the last quarter. Finally, CCLA Investment Management acquired a new position in shares of PTC in the 2nd quarter valued at $94,629,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.