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

PTC (NASDAQ:PTC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered PTC from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $205.00 to $162.00 in a research report on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Stifel Nicolaus set a $180.00 target price on shares of PTC in a report on Thursday, February 5th. Barclays began coverage on shares of PTC in a report on Tuesday, March 17th. They set an “overweight” rating and a $180.00 target price on the stock. Finally, Rosenblatt Securities reduced their target price on shares of PTC from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.08.

PTC Stock Performance

Shares of PTC opened at $149.81 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22. PTC has a one year low of $133.38 and a one year high of $219.69. The company has a 50-day simple moving average of $158.52 and a two-hundred day simple moving average of $178.12. The firm has a market capitalization of $17.83 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.33. PTC had a return on equity of 24.63% and a net margin of 28.86%.The business had revenue of $685.83 million for the quarter, compared to analysts’ expectations of $635.44 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 21.4% on a year-over-year basis. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, analysts anticipate that PTC will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the sale, the executive vice president directly owned 22,221 shares in the company, valued at $3,579,803.10. This trade represents a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On PTC

A number of hedge funds have recently bought and sold shares of PTC. Root Financial Partners LLC bought a new stake in PTC during the 3rd quarter valued at about $30,000. Elyxium Wealth LLC bought a new position in shares of PTC in the fourth quarter worth approximately $27,000. Palladiem LLC bought a new position in shares of PTC in the fourth quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its holdings in shares of PTC by 2,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 158 shares during the last quarter. Finally, DV Equities LLC bought a new stake in shares of PTC during the fourth quarter valued at approximately $29,000. Institutional investors 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.