PTC (NASDAQ:PTC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a report published on Saturday.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada reduced their price target on PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Oppenheimer dropped their price objective on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Barclays began coverage on PTC in a research report on Tuesday, March 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Citigroup reduced their target price on PTC from $181.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Rosenblatt Securities decreased their target price on PTC from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.08.

PTC Trading Down 0.6%

Shares of PTC opened at $149.81 on Friday. The stock has a market capitalization of $17.83 billion, a P/E ratio of 21.87, a PEG ratio of 2.55 and a beta of 1.03. PTC has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $158.52 and a two-hundred day simple moving average of $178.36.

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

Insider Activity

In other PTC news, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director owned 8,429 shares in the company, valued at approximately $1,325,375.96. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 22,221 shares of the company’s stock, valued at $3,579,803.10. This represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in PTC in the third quarter worth $30,000. Elyxium Wealth LLC bought a new stake in shares of PTC during the 4th quarter valued at $27,000. Palladiem LLC bought a new stake in shares of PTC during the 4th quarter valued at $28,000. SJS Investment Consulting Inc. grew its position in shares of PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after buying an additional 158 shares during the period. Finally, DV Equities LLC purchased a new stake in shares of PTC in the 4th quarter worth about $29,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

About PTC

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.