KeyCorp Issues Pessimistic Forecast for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its target price dropped by KeyCorp from $210.00 to $195.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target points to a potential upside of 27.49% from the stock’s current price.

A number of other analysts have also weighed in on PTC. JPMorgan Chase & Co. lowered shares of PTC from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $205.00 to $162.00 in a research note on Monday, February 2nd. Oppenheimer cut their target price on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Citigroup decreased their price target on PTC from $181.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Rosenblatt Securities dropped their price objective on PTC from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Stifel Nicolaus set a $180.00 price objective on PTC in a report on Thursday, February 5th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.85.

PTC Stock Performance

Shares of NASDAQ:PTC traded down $2.99 on Tuesday, hitting $152.96. The company’s stock had a trading volume of 133,833 shares, compared to its average volume of 1,106,429. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. PTC has a 12 month low of $133.38 and a 12 month high of $219.69. The stock’s 50-day moving average is $160.32 and its two-hundred day moving average is $179.86.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.33. The business had revenue of $685.83 million during 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 company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. On average, equities research analysts forecast that PTC will post 4.46 EPS for the current year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 240 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the sale, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in PTC by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock valued at $3,202,720,000 after purchasing an additional 602,858 shares during the period. Vanguard Group Inc. boosted its position in shares of PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after buying an additional 416,791 shares during the period. State Street Corp grew its holdings in shares of PTC by 5.6% during the fourth quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after buying an additional 312,000 shares in the last quarter. Geode Capital Management LLC raised its position in PTC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares during the period. Finally, Janus Henderson Group PLC raised its position in PTC by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock valued at $613,009,000 after buying an additional 32,508 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.