Robert W. Baird Downgrades PTC (NASDAQ:PTC) to Hold

PTC (NASDAQ:PTC) was downgraded by equities research analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. BNP Paribas Exane assumed coverage on shares of PTC in a research note on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price for the company. Citigroup lifted their target price on shares of PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Loop Capital lowered shares of PTC from a “buy” rating to a “hold” rating and boosted their price target for the stock from $200.00 to $205.00 in a research note on Monday. Finally, Royal Bank Of Canada cut shares of PTC from a “buy” rating to a “sector perform” rating and increased their price target for the stock from $195.00 to $306.00 in a report on Monday. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PTC currently has an average rating of “Hold” and an average price target of $200.06.

PTC Trading Up 0.4%

Shares of PTC stock opened at $193.00 on Monday. The company has a market capitalization of $20.94 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $145.37 and its two-hundred day moving average is $137.51. PTC has a twelve month low of $108.50 and a twelve month high of $206.82.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Equities analysts forecast that PTC will post 6.56 EPS for the current year.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 1,750 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the transaction, the director owned 6,679 shares in the company, valued at approximately $1,307,414.25. This represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PTC

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of PTC by 13.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock worth $107,000 after acquiring an additional 89 shares during the period. Diversified Trust Co increased its stake in PTC by 4.6% in the 1st quarter. Diversified Trust Co now owns 2,296 shares of the technology company’s stock valued at $327,000 after purchasing an additional 100 shares in the last quarter. D.A. Davidson & CO. raised its holdings in PTC by 2.7% during the first quarter. D.A. Davidson & CO. now owns 3,783 shares of the technology company’s stock worth $539,000 after purchasing an additional 101 shares during the last quarter. Covestor Ltd raised its holdings in PTC by 25.3% during the second quarter. Covestor Ltd now owns 500 shares of the technology company’s stock worth $57,000 after purchasing an additional 101 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in PTC by 6.3% during the first quarter. Apollon Wealth Management LLC now owns 1,997 shares of the technology company’s stock worth $285,000 after purchasing an additional 118 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Key PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s agreement to acquire PTC in an all-cash deal provides shareholders with a clearly defined $205 exit price and supports the stock’s recent sharp increase. Schneider expects the combination to strengthen its industrial-software and artificial-intelligence capabilities. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: JPMorgan upgraded PTC to “neutral” and raised its price target to $205 from $145, while Mizuho lifted its target to $205 from $160. These targets align with the proposed transaction value and indicate limited fundamental downside if the deal closes. PTC analyst rating updates
• Positive Sentiment: From a technical perspective, PTC has formed a “golden cross,” with its 50-day moving average above its 200-day moving average. This suggests improving momentum, although technical signals are secondary to the pending merger. Should You Buy PTC After Golden Cross

About PTC

PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.

PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.