PTC (NASDAQ:PTC) Coverage Initiated by Analysts at Barclays

Analysts at Barclays assumed coverage on shares of PTC (NASDAQ:PTC) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $180.00 price target on the technology company’s stock. Barclays‘s target price would indicate a potential upside of 15.43% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Citigroup dropped their price objective on shares of PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. KeyCorp set a $210.00 target price on shares of PTC in a research note on Thursday, February 5th. Royal Bank Of Canada lowered their price target on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. downgraded PTC from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $205.00 to $162.00 in a research note on Monday, February 2nd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $184.00.

PTC Stock Performance

Shares of PTC stock opened at $155.94 on Tuesday. The company has a market cap of $18.56 billion, a P/E ratio of 22.76, a PEG ratio of 2.55 and a beta of 1.03. The firm has a fifty day moving average price of $160.32 and a 200 day moving average price of $179.86. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC has a 12 month low of $133.38 and a 12 month high of $219.69.

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

Insider Activity

In related news, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PTC

Several institutional investors and hedge funds have recently bought and sold shares of PTC. Norges Bank acquired a new stake in shares of PTC during the 4th quarter worth $295,399,000. T. Rowe Price Investment Management Inc. grew its position in PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after acquiring an additional 602,858 shares during the period. Voloridge Investment Management LLC grew its position in PTC by 856.8% during the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after acquiring an additional 417,130 shares during the period. Vanguard Group Inc. increased its stake in PTC by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after acquiring an additional 416,791 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of PTC by 31.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock worth $266,715,000 after purchasing an additional 370,097 shares during the period. 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.