PTC (NASDAQ:PTC) Raised to “Buy” at Wall Street Zen

PTC (NASDAQ:PTC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

PTC has been the subject of a number of other research reports. BMO Capital Markets dropped their price objective on shares of PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. KeyCorp dropped their price objective on shares of PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of PTC in a report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.71.

PTC Stock Down 0.0%

Shares of NASDAQ PTC opened at $138.73 on Friday. The company has a 50 day simple moving average of $141.67 and a 200 day simple moving average of $157.93. The firm has a market cap of $16.02 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.98. PTC has a 1 year low of $130.89 and a 1 year high of $219.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23.

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

Insider Buying and Selling at PTC

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

Hedge Funds Weigh In On PTC

Several institutional investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its position in shares of PTC by 8.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 90,828 shares of the technology company’s stock worth $18,444,000 after purchasing an additional 6,724 shares in the last quarter. Nordea Investment Management AB grew its position in PTC by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock valued at $47,136,000 after purchasing an additional 55,485 shares during the period. Dakota Wealth Management grew its position in PTC by 31.2% in the 3rd quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock valued at $7,913,000 after purchasing an additional 9,279 shares during the period. Congress Asset Management Co. grew its position in PTC by 11.6% in the 4th quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock valued at $28,485,000 after purchasing an additional 17,020 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in PTC in the 3rd quarter valued at $3,203,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Company Profile

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.