PTC (NASDAQ:PTC) Cut to “Sector Weight” at KeyCorp

KeyCorp lowered shares of PTC (NASDAQ:PTC) from an overweight rating to a sector weight rating in a research report report published on Monday morning, MarketBeat reports.

A number of other research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Piper Sandler lowered their price target on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a research note on Monday, August 3rd. BNP Paribas Exane began coverage on PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Finally, Citigroup raised their target price on PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, PTC presently has an average rating of “Hold” and an average target price of $200.06.

PTC Price Performance

Shares of NASDAQ:PTC opened at $193.60 on Monday. The company has a market capitalization of $21.01 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The company’s 50-day moving average is $146.59 and its 200 day moving average is $137.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. PTC has a fifty-two week low of $108.50 and a fifty-two week high of $206.82.

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

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction dated Monday, October 5th. The shares were 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 $1,307,414.25. This trade represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of PTC

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake 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 valued at $107,000 after purchasing an additional 89 shares in the last quarter. Diversified Trust Co grew its holdings 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 valued at $327,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. raised its position in PTC by 2.7% in the 1st 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 period. Covestor Ltd raised its position in PTC by 25.3% in the 2nd quarter. Covestor Ltd now owns 500 shares of the technology company’s stock worth $57,000 after purchasing an additional 101 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in PTC by 6.3% in 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 during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

PTC Company Profile

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.