PTC (NASDAQ:PTC) Shares Up 5.9% – Still a Buy?

PTC Inc. (NASDAQ:PTC)’s stock price was up 5.9% on Thursday. The stock traded as high as $146.15 and last traded at $148.6190. 63,609 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,439,787 shares. The stock had previously closed at $140.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of PTC in a report on Thursday, July 30th. BNP Paribas Exane initiated coverage on PTC in a research report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective on the stock. Citigroup lifted their price target on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Piper Sandler lowered their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PTC has a consensus rating of “Hold” and a consensus target price of $170.14.

PTC Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average price is $141.54 and its 200 day moving average price is $137.09. The company has a market capitalization of $15.86 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million for the quarter, compared to analyst estimates of $611.62 million. During the same quarter in the previous year, the business earned $1.64 earnings per share. PTC’s revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, equities analysts expect that PTC Inc. will post 6.56 EPS for the current year.

Hedge Funds Weigh In On PTC

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of PTC by 13.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock valued at $107,000 after acquiring an additional 89 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in PTC by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,500 shares of the technology company’s stock worth $958,000 after acquiring an additional 100 shares in the last quarter. Diversified Trust Co grew its holdings in PTC by 4.6% in the first quarter. Diversified Trust Co now owns 2,296 shares of the technology company’s stock worth $327,000 after purchasing an additional 100 shares during the period. D.A. Davidson & CO. increased its stake in PTC by 2.7% in the first quarter. D.A. Davidson & CO. now owns 3,783 shares of the technology company’s stock valued at $539,000 after purchasing an additional 101 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of PTC by 25.3% during the second quarter. Covestor Ltd now owns 500 shares of the technology company’s stock valued at $57,000 after purchasing an additional 101 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.

PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.