PTC (NASDAQ:PTC) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of PTC (NASDAQ:PTC) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Piper Sandler reduced their price objective on PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. JPMorgan Chase & Co. downgraded PTC from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $205.00 to $162.00 in a research note on Monday, February 2nd. KeyCorp set a $210.00 target price on PTC in a report on Thursday. Finally, Oppenheimer decreased their price target on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average target price of $188.08.

PTC Trading Up 2.6%

PTC opened at $159.74 on Friday. 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 has a 52 week low of $133.38 and a 52 week high of $219.69. The business’s 50 day moving average is $169.39 and its two-hundred day moving average is $189.09. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.61 and a beta of 1.03.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, beating 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%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, research analysts predict that PTC will post 4.46 EPS for the current year.

Insider Buying and Selling at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares in the company, valued at $2,144,512.04. This trade represents a 80.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the sale, the executive vice president owned 22,461 shares of the company’s stock, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,277 shares of company stock valued at $10,624,076 in the last quarter. 0.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank lifted its position in shares of PTC by 14.9% during the 4th quarter. Huntington National Bank now owns 586 shares of the technology company’s stock valued at $102,000 after acquiring an additional 76 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $619,901,000 after purchasing an additional 71,181 shares in the last quarter. Flputnam Investment Management Co. raised its holdings in PTC by 6.3% during the fourth quarter. Flputnam Investment Management Co. now owns 81,865 shares of the technology company’s stock worth $14,262,000 after purchasing an additional 4,874 shares during the last quarter. Allstate Corp boosted its position in PTC by 106.1% during the fourth quarter. Allstate Corp now owns 9,725 shares of the technology company’s stock worth $1,694,000 after purchasing an additional 5,006 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in PTC by 26.8% during the fourth quarter. Fisher Asset Management LLC now owns 145,483 shares of the technology company’s stock worth $25,345,000 after purchasing an additional 30,717 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other 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.