PTC Inc. (NASDAQ:PTC) Given Average Recommendation of “Moderate Buy” by Brokerages

PTC Inc. (NASDAQ:PTC) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $176.7143.

Several research firms recently weighed in on PTC. Citigroup boosted their price objective on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. KeyCorp decreased their price objective on PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Robert W. Baird set a $198.00 target price on PTC in a research report on Thursday, May 7th. Stifel Nicolaus set a $180.00 price target on PTC in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada decreased their price target on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 675 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alice Christenson sold 816 shares of PTC stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the sale, the chief accounting officer owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This represents a 39.21% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of PTC

A number of institutional investors have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new stake in shares of PTC during the 1st quarter valued at $59,000. Edgestream Partners L.P. boosted its position in shares of PTC by 49.2% in the 1st quarter. Edgestream Partners L.P. now owns 16,433 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 5,416 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of PTC by 0.3% during the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after purchasing an additional 11,278 shares during the period. Amundi grew its stake in shares of PTC by 151.9% during the first quarter. Amundi now owns 1,725,555 shares of the technology company’s stock worth $245,885,000 after purchasing an additional 1,040,656 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in PTC by 13.4% in the first quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock valued at $107,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Down 2.4%

Shares of NASDAQ:PTC opened at $138.79 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16.03 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.09 and a beta of 0.98. PTC has a 12 month low of $130.89 and a 12 month high of $219.69. The company’s 50-day moving average price is $141.90 and its two-hundred day moving average price is $158.06.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. PTC had a net margin of 41.81% and a return on equity of 25.84%. The company had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. During the same period in the prior year, the business earned $1.79 earnings per share. PTC’s quarterly revenue was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, research analysts forecast that PTC will post 6.3 EPS for the current fiscal year.

About PTC

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.