PTC (NASDAQ:PTC) Cut to “Hold” at Rosenblatt Securities

Rosenblatt Securities cut shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a research note published on Monday, MarketBeat reports. The brokerage currently has $205.00 target price on the technology company’s stock, up from their previous target price of $190.00.

Several other brokerages have also weighed in on PTC. Loop Capital lowered PTC from a “buy” rating to a “hold” rating and increased their price objective for the stock from $200.00 to $205.00 in a research report on Monday. Robert W. Baird downgraded PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup upped their price target on PTC from $127.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Stifel Nicolaus set a $205.00 price target on PTC in a report on Monday. Finally, Barclays downgraded PTC from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $155.00 to $205.00 in a research report on Monday. Two research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Hold” and a consensus price target of $200.06.

PTC Price Performance

Shares of PTC stock opened at $193.60 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $146.59 and its two-hundred day moving average is $137.82. PTC has a 12 month low of $108.50 and a 12 month high of $206.82. The company has a market capitalization of $21.01 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Analysts predict that PTC will post 6.54 earnings per share for the current year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction dated 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 directly owned 6,679 shares of the company’s stock, valued at $1,307,414.25. The trade was a 20.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by company insiders.

Institutional Trading of PTC

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

Trending Headlines about PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s proposed acquisition values PTC at approximately $22.6 billion and would pay shareholders $205 per share in cash. The offer provides a defined exit value and helps explain why PTC is trading close to the transaction price. Schneider expects the combination to expand its industrial software and artificial-intelligence capabilities. Schneider Electric acquires PTC
• Positive Sentiment: JPMorgan upgraded PTC from “underweight” to “neutral” and raised its target from $145 to $205. Mizuho also lifted its target from $160 to $205, reflecting the proposed cash consideration and reducing perceived downside if the merger closes. PTC analyst rating updates
• Positive Sentiment: PTC’s 50-day moving average recently crossed above its 200-day moving average, forming a “golden cross.” The technical signal indicates stronger momentum, although merger news remains the more important catalyst. PTC golden cross analysis

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.