Piper Sandler Has Lowered Expectations for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price objective lowered by investment analysts at Piper Sandler from $175.00 to $157.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price target indicates a potential upside of 14.43% from the company’s current price.

A number of other analysts also recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They set a “neutral” rating and a $130.00 price target on the stock. Berenberg Bank set a $170.00 price objective on shares of PTC in a report on Wednesday, May 27th. Citigroup upped their price objective on shares of PTC from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays increased their target price on shares of PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings cut PTC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.14.

PTC Trading Up 0.7%

Shares of NASDAQ:PTC opened at $137.20 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41. PTC has a 12-month low of $108.50 and a 12-month high of $219.69. The business has a 50 day moving average of $125.88 and a two-hundred day moving average of $141.89. The company has a market capitalization of $15.85 billion, a PE ratio of 13.27, a PEG ratio of 1.99 and a beta of 0.99.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. The business had revenue of $600.05 million for the quarter, compared to analysts’ expectations of $611.62 million. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company 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, analysts forecast that PTC will post 6.35 EPS for the current year.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 816 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were 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 owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tema ETFs LLC grew its position in shares of PTC by 8.1% in the second quarter. Tema ETFs LLC now owns 3,878 shares of the technology company’s stock valued at $441,000 after purchasing an additional 290 shares during the period. Handelsbanken Fonder AB increased its stake in shares of PTC by 9.6% during the second quarter. Handelsbanken Fonder AB now owns 36,600 shares of the technology company’s stock worth $4,158,000 after purchasing an additional 3,200 shares in the last quarter. Czech National Bank raised its position in shares of PTC by 1.4% during the 2nd quarter. Czech National Bank now owns 32,877 shares of the technology company’s stock worth $3,735,000 after purchasing an additional 469 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in PTC by 12.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,860 shares of the technology company’s stock valued at $2,143,000 after buying an additional 2,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in PTC by 104.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 224,989 shares of the technology company’s stock valued at $25,561,000 after buying an additional 114,961 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Key PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: PTC raised its fiscal 2026 outlook, including expectations for approximately 9%–9.5% constant-currency annual recurring revenue growth. Management also increased its share-repurchase target to about $1.625 billion, supporting per-share earnings and shareholder returns. PTC forecasts ARR growth and raises buyback target
• Positive Sentiment: The company’s focus on cloud collaboration, governed product data and targeted artificial-intelligence applications is strengthening its long-term industrial software growth narrative. Investors appear encouraged that AI adoption could expand PTC’s addressable market and support higher-value subscriptions and services. PTC AI, cloud and product data trends
• Positive Sentiment: Analyst support remains mixed but generally constructive: BMO raised its target to $164 with an outperform rating, while Rosenblatt reaffirmed a buy rating and set a $190 target. These targets suggest potential upside if PTC delivers on its revised outlook. BMO raises PTC price target
• Neutral Sentiment: Fiscal Q3 adjusted earnings were approximately $1.58 per share, broadly in line with estimates, but revenue of about $600 million fell short of consensus near $612 million and declined year over year. The earnings details therefore provide limited evidence of near-term acceleration. PTC Q3 earnings and revenue report
• Negative Sentiment: Investors are focused on whether PTC can convert its improved annual recurring-revenue outlook into reported results, particularly in the fourth quarter. Margin pressure, slower revenue growth and a demanding year-end execution target could limit further gains if guidance is not met. PTC AI-led lifecycle strategy outlook
• Negative Sentiment: Piper Sandler lowered its price target from $175 to $157 and moved to a neutral rating, underscoring valuation and execution concerns despite the revised company guidance. Piper Sandler changes PTC rating

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.