PTC (NASDAQ:PTC) Given New $205.00 Price Target at Mizuho

PTC (NASDAQ:PTC) had its target price raised by Mizuho from $160.00 to $205.00 in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other research firms also recently issued reports on PTC. KeyCorp downgraded shares of PTC from an “overweight” rating to a “sector weight” rating in a report on Monday. Piper Sandler lowered their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. 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 report on Monday. Deutsche Bank Aktiengesellschaft cut PTC to a “hold” rating and set a $205.00 price target for the company. in a research note on Monday. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $205.00 price target (up from $190.00) on shares of PTC in a research report on Monday. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $200.06.

PTC Stock Up 0.4%

PTC stock opened at $193.00 on Tuesday. PTC has a fifty-two week low of $108.50 and a fifty-two week 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 stock has a market capitalization of $20.94 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.42 and a beta of 0.99. The business’s fifty day moving average price is $145.37 and its two-hundred day moving average price is $137.51.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The company had revenue of $600.05 million during the quarter, compared to analysts’ expectations of $611.62 million. During the same quarter in the previous year, the business posted $1.64 earnings per share. PTC’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, equities analysts anticipate that PTC will post 6.56 earnings per share for the current year.

Insider Transactions at PTC

In other PTC news, Director Corinna Lathan sold 1,750 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were 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. This trade represents a 20.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

Institutional Trading of PTC

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

Trending Headlines about 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

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.