PTC (NASDAQ:PTC) Stock Price Down 6.9% – What’s Next?

PTC Inc. (NASDAQ:PTC)’s share price traded down 6.9% during mid-day trading on Wednesday . The company traded as low as $112.26 and last traded at $112.4130. Approximately 741,914 shares traded hands during trading, a decline of 47% from the average session volume of 1,412,763 shares. The stock had previously closed at $120.77.

Analyst Ratings Changes

A number of research firms have commented on PTC. Barclays reduced their price target on shares of PTC from $185.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday, May 27th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $171.27.

PTC Trading Down 0.1%

The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.65 and a beta of 0.99. The firm’s 50-day moving average is $127.80 and its 200-day moving average is $143.53. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.63. The firm had revenue of $774.30 million for the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 25.84%. The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, sell-side analysts anticipate that PTC Inc. will post 6.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Alice Christenson sold 816 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the sale, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

Several large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in PTC during the fourth quarter worth about $295,399,000. Amundi increased its stake in PTC by 151.9% in the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after buying an additional 1,040,656 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in PTC by 3.4% in 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 buying an additional 602,858 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after buying an additional 529,208 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after buying an additional 417,130 shares in the last quarter. 95.14% of the stock is currently owned by 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.