PTC (NASDAQ:PTC) Hits New 12-Month Low – What’s Next?

PTC Inc. (NASDAQ:PTC)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $118.00 and last traded at $118.39, with a volume of 2996435 shares changing hands. The stock had previously closed at $135.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PTC. Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Citigroup lifted their price objective on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays raised their price objective on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, KeyCorp cut their price objective on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. 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 company. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $176.71.

PTC Stock Down 12.4%

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $13.68 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.99 and a beta of 0.97. The business has a 50-day moving average price of $140.26 and a 200 day moving average price of $155.38.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company 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, equities analysts expect that PTC Inc. will post 6.3 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On PTC

Large investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ boosted its stake 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 during the period. Nordea Investment Management AB boosted its stake in shares of PTC by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 269,396 shares of the technology company’s stock worth $47,136,000 after purchasing an additional 55,485 shares during the period. Norges Bank purchased a new position in shares of PTC during the 4th quarter worth about $295,399,000. Dakota Wealth Management boosted its stake in shares of PTC by 31.2% during the 3rd quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock worth $7,913,000 after purchasing an additional 9,279 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of PTC by 11.6% during the 4th quarter. Congress Asset Management Co. now owns 163,512 shares of the technology company’s stock worth $28,485,000 after purchasing an additional 17,020 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.