Mizuho Cuts PTC (NASDAQ:PTC) Price Target to $160.00

PTC (NASDAQ:PTC) had its price objective decreased by Mizuho from $180.00 to $160.00 in a report released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

PTC has been the topic of several other research reports. Weiss Ratings downgraded shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barclays initiated coverage on PTC in a research report on Tuesday, March 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Rosenblatt Securities dropped their price objective on PTC from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Stifel Nicolaus set a $180.00 price objective on PTC in a research report on Thursday, February 5th. Finally, Oppenheimer decreased their target price on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.08.

PTC Stock Up 0.4%

Shares of PTC stock opened at $143.56 on Monday. The stock has a market capitalization of $17.08 billion, a P/E ratio of 20.96, a PEG ratio of 2.46 and a beta of 1.03. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $157.09 and a two-hundred day moving average price of $176.94. PTC has a 12-month low of $133.38 and a 12-month high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.33. PTC had a net margin of 28.86% and a return on equity of 24.63%. The company had revenue of $685.83 million for the quarter, compared to analyst estimates of $635.44 million. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Equities analysts expect that PTC will post 4.46 earnings per share for the current year.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the sale, the director owned 8,429 shares in the company, valued at $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 240 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the completion of the sale, the executive vice president directly owned 22,221 shares in the company, valued at $3,579,803.10. This trade represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On PTC

A number of hedge funds and other institutional investors have recently made changes to their positions in PTC. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of PTC by 8.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 90,828 shares of the technology company’s stock worth $18,444,000 after buying an additional 6,724 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of PTC by 13.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 74,128 shares of the technology company’s stock worth $12,775,000 after buying an additional 8,786 shares during the period. J. Safra Sarasin Holding AG boosted its stake in PTC by 15.4% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 46,966 shares of the technology company’s stock valued at $9,535,000 after buying an additional 6,281 shares in the last quarter. Nordea Investment Management AB boosted its stake in PTC by 2,075.2% in the 3rd quarter. Nordea Investment Management AB now owns 213,911 shares of the technology company’s stock valued at $43,420,000 after buying an additional 204,077 shares in the last quarter. Finally, Dakota Wealth Management grew its position in PTC by 31.2% in the third quarter. Dakota Wealth Management now owns 38,975 shares of the technology company’s stock valued at $7,913,000 after acquiring an additional 9,279 shares during the period. 95.14% of the stock is 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.