PTC (NASDAQ:PTC) Rating Lowered to “Hold” at Rosenblatt Securities

PTC (NASDAQ:PTC) was downgraded by analysts at Rosenblatt Securities from a “buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat reports. They presently have a $205.00 target price on the technology company’s stock, up from their prior target price of $190.00. Rosenblatt Securities’ target price would indicate a potential upside of 6.22% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Deutsche Bank Aktiengesellschaft lowered PTC to a “hold” rating and set a $205.00 price objective on the stock. in a research report on Monday. Finally, Piper Sandler reduced their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $200.06.

PTC Stock Up 0.4%

PTC opened at $193.00 on Monday. PTC has a 1 year low of $108.50 and a 1 year high of $206.82. The firm has a 50 day moving average price of $145.37 and a 200 day moving average price of $137.51. 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 company has a market cap of $20.94 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99.

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

Insider Activity at PTC

In other news, Director Corinna Lathan sold 1,750 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the transaction, the director directly owned 6,679 shares of the company’s stock, valued at approximately $1,307,414.25. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in PTC in the 2nd quarter worth $418,553,000. Amundi boosted its position in PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after buying an additional 1,040,656 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of PTC during the second quarter valued at about $91,045,000. T. Rowe Price Investment Management Inc. increased its position in shares of PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after acquiring an additional 602,858 shares during the last quarter. Finally, State Street Corp increased its position in shares of PTC by 10.2% during the second quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock worth $733,048,000 after acquiring an additional 596,955 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Trending Headlines about PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s agreement to acquire PTC in an all-cash deal provides shareholders with a clearly defined $205 exit price and supports the stock’s recent sharp increase. Schneider expects the combination to strengthen its industrial-software and artificial-intelligence capabilities. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: JPMorgan upgraded PTC to “neutral” and raised its price target to $205 from $145, while Mizuho lifted its target to $205 from $160. These targets align with the proposed transaction value and indicate limited fundamental downside if the deal closes. PTC analyst rating updates
• Positive Sentiment: From a technical perspective, PTC has formed a “golden cross,” with its 50-day moving average above its 200-day moving average. This suggests improving momentum, although technical signals are secondary to the pending merger. Should You Buy PTC After Golden Cross

About PTC

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.