PTC (NASDAQ:PTC) Stock Rating Cut to Hold at Loop Capital

Loop Capital downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a research report released on Monday, MarketBeat Ratings reports. Loop Capital currently has $205.00 price target on the technology company’s stock, up from their prior price target of $200.00.

A number of other brokerages have also weighed in on PTC. BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price on the stock. BMO Capital Markets lifted their price target on PTC from $155.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Citigroup boosted their price objective on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of PTC in a research report on Thursday, July 30th. Finally, Piper Sandler lowered their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $188.00.

PTC Stock Performance

PTC stock opened at $192.26 on Monday. PTC has a 1-year low of $108.50 and a 1-year high of $206.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.86 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The firm’s 50 day simple moving average is $144.06 and its 200 day simple moving average is $137.21.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS 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 during the quarter, compared to analyst estimates of $611.62 million. During the same period in the previous year, the business earned $1.64 EPS. The business’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, analysts expect that PTC will post 6.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PTC

A number of hedge funds have recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. raised its position in PTC by 3.4% in the 4th 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 purchasing an additional 602,858 shares during the period. State Street Corp boosted its position in PTC by 10.2% during the second quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after buying an additional 596,955 shares during the period. Janus Henderson Group PLC boosted its position in PTC by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock valued at $613,009,000 after buying an additional 32,508 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of PTC by 17.8% during the first quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock valued at $499,525,000 after buying an additional 529,208 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of PTC during the second quarter valued at about $418,553,000. 95.14% of the stock is currently owned by institutional investors.

PTC News Summary

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider will pay $205 per PTC share, representing a premium of approximately 42% to PTC’s prior closing price. The offer provides investors with a defined cash value and is the primary catalyst behind the stock’s surge. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: The transaction gives Schneider a broad portfolio of industrial software, including PTC’s product lifecycle management and digital-thread technologies. Schneider’s management characterized the combination as a way to accelerate industrial artificial intelligence and create a next-generation industrial technology platform. Schneider Electric CEO: $22.6B PTC Deal Creates Next Generation of Industrial AI
• Neutral Sentiment: PTC’s board has approved the proposed merger, but the transaction remains subject to shareholder and regulatory approvals and other customary closing conditions. The stock is trading below the $205 consideration, reflecting deal-completion risk and the time required to close.
• Neutral Sentiment: Analyst reactions were mixed but largely reflected the takeover price: Barclays reaffirmed an Equal Weight rating with a $205 target, while Loop Capital moved to Hold and KeyCorp downgraded the stock to Sector Weight. These changes suggest limited standalone upside beyond the offer price.
• Negative Sentiment: Investor-rights law firms, including Ademi, Halper Sadeh and Brodsky & Smith, announced investigations into whether the $205 price fairly values PTC and whether the board adequately protected shareholders. Such reviews do not necessarily block the deal but could create additional uncertainty or delay.
• Negative Sentiment: Some coverage characterized Schneider’s purchase price as aggressive, while Schneider shares declined on concerns about the transaction’s size and financing. For PTC shareholders, however, the immediate focus is the cash premium and probability of closing rather than PTC’s recent operating results.

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.