JPMorgan Chase & Co. Upgrades PTC (NASDAQ:PTC) to Neutral

PTC (NASDAQ:PTC) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Monday, Benzinga reports. The brokerage currently has a $205.00 target price on the technology company’s stock, up from their previous target price of $145.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.14% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler lowered their price target on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane began coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Barclays reissued an “equal weight” rating and set a $205.00 target price (up from $155.00) on shares of PTC in a research note on Monday. Stifel Nicolaus set a $205.00 price target on PTC in a research note on Monday. Finally, KeyCorp cut shares of PTC from an “overweight” rating to a “sector weight” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $200.06.

PTC Stock Performance

Shares of PTC stock traded up $0.88 during trading hours on Monday, reaching $193.14. The company had a trading volume of 4,177,068 shares, compared to its average volume of 1,607,545. The firm has a market cap of $20.96 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. PTC has a one year low of $108.50 and a one year high of $206.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $144.06 and a 200 day simple moving average of $137.21.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the prior year, the firm posted $1.64 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, analysts anticipate that PTC will post 6.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PTC

Large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 602,858 shares in the last quarter. State Street Corp grew its position in shares of PTC by 10.2% in the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock worth $733,048,000 after buying an additional 596,955 shares during the last quarter. Janus Henderson Group PLC lifted 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 acquiring an additional 32,508 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in 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 during the last quarter. Finally, Jupiter Topco LLC purchased a new stake in PTC in the second quarter valued at about $418,553,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric takeover: Schneider agreed to pay $205 per share in cash, valuing PTC’s equity at approximately $22.6 billion and the transaction, including debt, at about $23.7 billion. The offer represents a roughly 42% premium to PTC’s unaffected price and gives shareholders a defined cash exit. The combination is intended to create a larger industrial-software and industrial-AI portfolio. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: Analyst price targets moved higher: Mizuho and Barclays raised their PTC targets to $205, broadly matching the proposed cash consideration. These increases acknowledge the deal value, although both firms retained neutral or equal-weight views rather than signaling additional upside. PTC Stock Price Target Raised at Mizuho
• Neutral Sentiment: Technical momentum improved: PTC’s 50-day moving average has crossed above its 200-day moving average, forming a “golden cross,” a technical signal often viewed as bullish. However, technical momentum is secondary to the pending merger’s terms and closing timeline. Should You Buy PTC Inc. After Golden Cross?
• Negative Sentiment: Analyst downgrades and limited upside: Rosenblatt Securities, Robert W. Baird, KeyCorp and Loop Capital moved to hold, sector-weight or equivalent ratings. The downgrades largely reflect that PTC now trades close to the $205 offer, leaving limited standalone upside. One analysis also noted that recent earnings-estimate revisions do not support further gains absent the acquisition. PTC Stock Rating Lowered by Robert W. Baird
• Negative Sentiment: Merger and shareholder risks: Law firms have announced investigations into whether the $205 offer fairly values PTC and whether the board obtained the best terms. The deal also remains subject to customary approvals and closing conditions, so the remaining spread reflects the possibility of delays, competing proposals or failure to close. PTC Shareholder Alert

PTC Company Profile

PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.

PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.