PTC (NASDAQ:PTC) Cut to Hold at Robert W. Baird

Robert W. Baird cut shares of PTC (NASDAQ:PTC) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks reports.

Several other research firms also recently weighed in on PTC. Loop Capital downgraded shares of PTC from a “buy” rating to a “hold” rating and lifted their price target for the company from $200.00 to $205.00 in a research note on Monday. Piper Sandler reduced their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Wall Street Zen lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BMO Capital Markets cut PTC from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $164.00 to $205.00 in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $200.06.

PTC Stock Up 0.3%

NASDAQ:PTC opened at $193.60 on Monday. PTC has a twelve month low of $108.50 and a twelve month high of $206.82. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The stock has a fifty day simple moving average of $146.59 and a 200-day simple moving average of $137.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping 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 prior year, the business posted $1.64 earnings per share. 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. Analysts anticipate that PTC will post 6.54 EPS for the current year.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction that occurred 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 $1,307,414.25. This trade represents a 20.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by insiders.

Institutional Trading of PTC

Hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 valued at $3,202,720,000 after acquiring an additional 602,858 shares during the period. State Street Corp lifted its stake in shares of PTC by 10.2% during the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock worth $733,048,000 after purchasing an additional 596,955 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of PTC during the 2nd quarter worth $418,553,000. Janus Henderson Group PLC boosted its position in PTC by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock valued at $503,000,000 after purchasing an additional 11,278 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in 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 purchasing an additional 529,208 shares in 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 proposed acquisition values PTC at approximately $22.6 billion and would pay shareholders $205 per share in cash. The offer provides a defined exit value and helps explain why PTC is trading close to the transaction price. Schneider expects the combination to expand its industrial software and artificial-intelligence capabilities. Schneider Electric acquires PTC
• Positive Sentiment: JPMorgan upgraded PTC from “underweight” to “neutral” and raised its target from $145 to $205. Mizuho also lifted its target from $160 to $205, reflecting the proposed cash consideration and reducing perceived downside if the merger closes. PTC analyst rating updates
• Positive Sentiment: PTC’s 50-day moving average recently crossed above its 200-day moving average, forming a “golden cross.” The technical signal indicates stronger momentum, although merger news remains the more important catalyst. PTC golden cross analysis

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.