BMO Capital Markets Cuts PTC (NASDAQ:PTC) Price Target to $219.00

PTC (NASDAQ:PTC) had its price objective reduced by BMO Capital Markets from $231.00 to $219.00 in a research note published on Thursday, MarketBeat.com reports. They currently have an outperform rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Rosenblatt Securities lowered their price target on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings cut shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $245.00 price target (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Trading Up 1.3%

PTC stock opened at $176.11 on Thursday. PTC has a one year low of $133.38 and a one year high of $219.69. The company’s fifty day moving average price is $202.62 and its two-hundred day moving average price is $189.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 1.90 and a beta of 1.15.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $1.21. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company had revenue of $893.80 million during the quarter, compared to the consensus estimate of $752.05 million. During the same quarter in the prior year, the company posted $1.54 EPS. The firm’s revenue was up 42.7% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its position in PTC by 17.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after buying an additional 3,048,311 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of PTC by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after acquiring an additional 416,791 shares during the period. State Street Corp grew its holdings in shares of PTC by 4.0% during the 2nd quarter. State Street Corp now owns 5,372,296 shares of the technology company’s stock worth $925,861,000 after purchasing an additional 205,029 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PTC by 8.4% during the second quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock valued at $586,438,000 after purchasing an additional 265,558 shares during the period. Finally, Pictet Asset Management Holding SA increased 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 valued at $445,687,000 after purchasing an additional 844,418 shares during the period. Institutional investors own 95.14% of the company’s stock.

About PTC

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.