PTC (NASDAQ:PTC) Price Target Lowered to $157.00 at Piper Sandler

PTC (NASDAQ:PTC) had its price target decreased by Piper Sandler from $175.00 to $157.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Piper Sandler’s target price would suggest a potential upside of 18.53% from the stock’s previous close.

Several other research firms have also recently issued reports on PTC. Citigroup boosted their target price on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. BNP Paribas Exane assumed coverage on shares of PTC in a research report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $172.21.

PTC Stock Up 3.9%

PTC stock opened at $132.46 on Thursday. The business’s 50-day moving average price is $126.29 and its 200 day moving average price is $142.17. 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 $15.30 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. PTC has a 52 week low of $108.50 and a 52 week high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.84% and a net margin of 41.81%.The company had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the company posted $1.64 earnings per share. PTC’s revenue for the quarter was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, sell-side analysts anticipate that PTC will post 6.35 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 value of $118,989.12. Following the sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tema ETFs LLC raised its holdings in shares of PTC by 8.1% during the 2nd quarter. Tema ETFs LLC now owns 3,878 shares of the technology company’s stock worth $441,000 after acquiring an additional 290 shares during the period. Handelsbanken Fonder AB raised its stake in PTC by 9.6% during the second quarter. Handelsbanken Fonder AB now owns 36,600 shares of the technology company’s stock worth $4,158,000 after purchasing an additional 3,200 shares during the period. Czech National Bank boosted its holdings in PTC by 1.4% in the 2nd quarter. Czech National Bank now owns 32,877 shares of the technology company’s stock valued at $3,735,000 after purchasing an additional 469 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of PTC by 12.5% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,860 shares of the technology company’s stock worth $2,143,000 after buying an additional 2,100 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of PTC by 104.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,989 shares of the technology company’s stock valued at $25,561,000 after buying an additional 114,961 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

More PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: BMO raises price target: BMO Capital Markets lifted its target for PTC from $155 to $164 and assigned an “outperform” rating, implying substantial upside from the recent trading level. Street Insider article
• Positive Sentiment: Full-year outlook increased: PTC raised fiscal 2026 guidance for adjusted EPS to $7.87-$8.42, above the $7.72 consensus estimate, and raised revenue guidance to approximately $2.69-$2.75 billion. The company also increased its ARR outlook and reaffirmed cash-flow guidance. PTC third-quarter results
• Positive Sentiment: Recurring revenue and capital returns were supportive: Constant-currency ARR excluding divested businesses grew 9.1% year over year, exceeding the high end of guidance. PTC generated $249.3 million in free cash flow and repurchased roughly $525 million of stock during the quarter, potentially supporting per-share results.
• Neutral Sentiment: Quarterly earnings were mixed: Adjusted EPS of $1.58 slightly exceeded the $1.57 consensus cited by MarketBeat, although it declined from $1.64 a year earlier. Revenue of $600.05 million fell 6.8% year over year and missed the $611.62 million consensus estimate. Zacks earnings report
• Negative Sentiment: Fourth-quarter guidance remains a caution: PTC forecast fourth-quarter EPS of $1.63-$2.21 versus a $1.73 consensus and revenue of $630-$690 million versus a $656.9 million estimate. The broad range and continuing year-over-year revenue pressure may limit near-term enthusiasm.

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.