Rosenblatt Securities Cuts PTC (NASDAQ:PTC) Price Target to $190.00

PTC (NASDAQ:PTC) had its price target cut by Rosenblatt Securities from $200.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 23.28% from the stock’s current price.

A number of other analysts have also issued reports on PTC. Weiss Ratings lowered PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. KeyCorp lowered their target price on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets dropped their target price on PTC from $219.00 to $189.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Citigroup cut their price target on PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Finally, Stifel Nicolaus set a $180.00 price objective on PTC in a research note on Thursday, February 5th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average target price of $182.08.

PTC Trading Down 1.2%

Shares of PTC stock opened at $154.12 on Wednesday. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.55 and a beta of 1.03. The business has a 50-day moving average price of $159.90 and a 200-day moving average price of $179.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC has a twelve month low of $133.38 and a twelve month high of $219.69.

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

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the sale, the executive vice president owned 22,221 shares of the company’s stock, 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 the SEC website. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in PTC during the 4th quarter valued at approximately $295,399,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 worth $3,202,720,000 after buying an additional 602,858 shares during the period. Voloridge Investment Management LLC grew its holdings in shares of 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 buying an additional 417,130 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PTC by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after acquiring an additional 416,791 shares during the period. Finally, Lazard Asset Management LLC raised its stake in 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 acquiring an additional 370,097 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.