PTC (NASDAQ:PTC) Cut to Hold at Loop Capital

Loop Capital downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a research report report published on Monday morning, Marketbeat reports. They currently have $205.00 target price on the technology company’s stock, up from their previous target price of $200.00.

A number of other analysts have also commented on the company. Barclays lifted their price target on PTC from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Stifel Nicolaus dropped their price objective on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Piper Sandler cut their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, BMO Capital Markets boosted their target price on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $200.06.

PTC Stock Up 0.3%

Shares of NASDAQ:PTC opened at $193.60 on Monday. PTC has a 52-week low of $108.50 and a 52-week high of $206.82. The company has a market capitalization of $21.01 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $146.59 and a 200-day moving average of $137.82.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million for the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities analysts predict that PTC will post 6.54 EPS for the current fiscal year.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the transaction, the director directly owned 6,679 shares of the company’s stock, valued at $1,307,414.25. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of PTC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Topco LLC bought a new stake in shares of PTC in the 2nd quarter valued at $418,553,000. Amundi increased its position in shares of PTC by 151.9% during the first quarter. Amundi now owns 1,725,555 shares of the technology company’s stock worth $245,885,000 after buying an additional 1,040,656 shares during the period. Legal & General Group Plc bought a new position in PTC during the second quarter worth $91,045,000. T. Rowe Price Investment Management Inc. raised its stake in PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after buying an additional 602,858 shares during the last quarter. Finally, State Street Corp lifted its holdings in 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 buying an additional 596,955 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Key Stories Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Schneider Electric’s proposed acquisition values PTC at approximately $22.6 billion and would pay shareholders $205 per share in cash. The offer provides a defined exit value and helps explain why PTC is trading close to the transaction price. Schneider expects the combination to expand its industrial software and artificial-intelligence capabilities. Schneider Electric acquires PTC
• Positive Sentiment: JPMorgan upgraded PTC from “underweight” to “neutral” and raised its target from $145 to $205. Mizuho also lifted its target from $160 to $205, reflecting the proposed cash consideration and reducing perceived downside if the merger closes. PTC analyst rating updates
• Positive Sentiment: PTC’s 50-day moving average recently crossed above its 200-day moving average, forming a “golden cross.” The technical signal indicates stronger momentum, although merger news remains the more important catalyst. PTC golden cross analysis

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.