Piper Sandler Cuts PTC (NASDAQ:PTC) Price Target to $175.00

PTC (NASDAQ:PTC) had its target price lowered by Piper Sandler from $200.00 to $175.00 in a research report report published on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Robert W. Baird set a $255.00 target price on shares of PTC in a research note on Wednesday, October 22nd. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Finally, BMO Capital Markets dropped their price objective on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average price target of $205.92.

PTC Stock Performance

Shares of PTC stock traded up $0.46 during trading on Friday, reaching $176.57. 228,457 shares of the company’s stock traded hands, compared to its average volume of 999,683. The firm’s 50-day moving average is $202.62 and its 200 day moving average is $190.24. The company has a market capitalization of $21.15 billion, a P/E ratio of 41.65, a PEG ratio of 1.90 and a beta of 1.15. PTC has a 1 year low of $133.38 and a 1 year high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, November 5th. The technology company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $1.21. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $893.80 million for the quarter, compared to analysts’ expectations of $752.05 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. Equities research analysts expect that PTC will post 4.46 EPS for the current year.

Hedge Funds Weigh In On PTC

Institutional investors have recently modified their holdings of the company. Alliance Wealth Advisors LLC UT raised its holdings in shares of PTC by 6.0% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 6,067 shares of the technology company’s stock valued at $1,232,000 after buying an additional 346 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of PTC during the third quarter worth approximately $372,000. Lansforsakringar Fondforvaltning AB publ raised its stake in shares of PTC by 12.6% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 39,718 shares of the technology company’s stock worth $8,064,000 after acquiring an additional 4,435 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of PTC by 143.3% in the 3rd quarter. Tredje AP fonden now owns 15,454 shares of the technology company’s stock worth $3,137,000 after acquiring an additional 9,102 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of PTC in the 3rd quarter valued at $229,000. 95.14% of the stock is currently owned by institutional investors.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.