PTC (NASDAQ:PTC) Shares Gap Up on Analyst Upgrade

PTC Inc. (NASDAQ:PTC)’s share price gapped up before the market opened on Monday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to a neutral rating. The stock had previously closed at $144.03, but opened at $195.84. JPMorgan Chase & Co. now has a $205.00 price target on the stock, up from their previous price target of $145.00. PTC shares last traded at $194.2540, with a volume of 7,385,364 shares traded.

Several other analysts have also weighed in on PTC. Mizuho lifted their price objective on shares of PTC from $160.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup increased their target price on shares of PTC from $141.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Loop Capital downgraded shares of PTC from a “buy” rating to a “hold” rating and lifted their price target for the company from $200.00 to $205.00 in a research note on Monday. Royal Bank Of Canada downgraded shares of PTC from a “buy” rating to a “sector perform” rating and lifted their price target for the company from $195.00 to $306.00 in a research note on Monday. Finally, Barclays reaffirmed an “equal weight” rating and set a $205.00 price target (up from $155.00) on shares of PTC in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $200.06.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 1,750 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the transaction, the director owned 6,679 shares in the company, valued at approximately $1,307,414.25. This represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Key Headlines Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s agreement to acquire PTC in an all-cash deal provides shareholders with a clearly defined $205 exit price and supports the stock’s recent sharp increase. Schneider expects the combination to strengthen its industrial-software and artificial-intelligence capabilities. Schneider Electric inks $22.6 billion takeover of software maker PTC
• Positive Sentiment: JPMorgan upgraded PTC to “neutral” and raised its price target to $205 from $145, while Mizuho lifted its target to $205 from $160. These targets align with the proposed transaction value and indicate limited fundamental downside if the deal closes. PTC analyst rating updates
• Positive Sentiment: From a technical perspective, PTC has formed a “golden cross,” with its 50-day moving average above its 200-day moving average. This suggests improving momentum, although technical signals are secondary to the pending merger. Should You Buy PTC After Golden Cross

Institutional Investors Weigh In On PTC

Institutional investors and hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its stake in PTC by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 7,089 shares of the technology company’s stock valued at $805,000 after purchasing an additional 828 shares during the last quarter. State Street Corp lifted its holdings in shares of PTC by 10.2% in the second quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after purchasing an additional 596,955 shares in the last quarter. Tidal Investments LLC boosted its position in shares of PTC by 25.1% during the second quarter. Tidal Investments LLC now owns 40,728 shares of the technology company’s stock valued at $4,627,000 after buying an additional 8,177 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in PTC by 4.7% during the second quarter. Archford Capital Strategies LLC now owns 5,135 shares of the technology company’s stock worth $583,000 after buying an additional 232 shares in the last quarter. Finally, National Pension Service grew its holdings in PTC by 33.5% during the second quarter. National Pension Service now owns 40,800 shares of the technology company’s stock worth $4,635,000 after buying an additional 10,231 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

The firm has a market capitalization of $20.94 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The business has a 50-day moving average of $145.37 and a 200 day moving average of $137.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC) last posted 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. The firm had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. As a group, research analysts anticipate that PTC Inc. will post 6.56 EPS for the current fiscal year.

About PTC

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.