Wall Street Zen Downgrades PTC (NASDAQ:PTC) to Hold

PTC (NASDAQ:PTC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Berenberg Bank set a $170.00 price target on shares of PTC in a research report on Wednesday, May 27th. Citigroup increased their price objective on PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BNP Paribas Exane assumed coverage on PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Barclays boosted their target price on PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $198.00 target price on PTC in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $173.60.

PTC Trading Up 2.8%

Shares of PTC stock opened at $115.72 on Friday. The company’s 50-day moving average price is $134.74 and its 200-day moving average price is $150.90. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. PTC has a 12-month low of $108.50 and a 12-month high of $219.69. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.64 and a beta of 0.97.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.06 by $0.63. The company had revenue of $774.30 million during the quarter, compared to analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. PTC’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 earnings per share. 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, equities analysts expect that PTC will post 6.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of PTC

A number of hedge funds have recently made changes to their positions in PTC. Elyxium Wealth LLC bought a new position in PTC in the fourth quarter valued at $27,000. Palladiem LLC bought a new stake in PTC during the fourth quarter worth about $28,000. DV Equities LLC purchased a new position in shares of PTC in the 4th quarter worth about $29,000. Board of the Pension Protection Fund purchased a new position in shares of PTC in the 4th quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of PTC during the 1st quarter valued at about $36,000. 95.14% of the stock is owned by institutional investors.

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.