PTC (NASDAQ:PTC) Price Target Lowered to $219.00 at BMO Capital Markets

PTC (NASDAQ:PTC) had its price objective reduced by analysts at BMO Capital Markets from $231.00 to $219.00 in a report issued on Thursday. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 26.00% from the company’s previous close.

PTC has been the topic of a number of other reports. Cantor Fitzgerald set a $120.00 price target on PTC and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Barclays set a $233.00 price target on PTC in a report on Thursday, July 31st. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings lowered PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Royal Bank Of Canada lifted their price target on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $207.85.

PTC Stock Down 8.5%

Shares of NASDAQ:PTC traded down $16.16 during mid-day trading on Thursday, hitting $173.82. 507,466 shares of the company traded hands, compared to its average volume of 993,364. The stock has a market cap of $20.82 billion, a P/E ratio of 40.78, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC has a 12-month low of $133.38 and a 12-month high of $219.69. The stock has a 50-day moving average price of $204.19 and a two-hundred day moving average price of $189.48.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $1.21. The business had revenue of $893.80 million for the quarter, compared to analyst estimates of $752.05 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. PTC has set its Q1 2026 guidance at 1.260-1.820 EPS. FY 2026 guidance at 6.490-8.950 EPS. On average, equities research analysts forecast that PTC will post 4.46 earnings per share for the current year.

Institutional Trading of PTC

A number of hedge funds and other institutional investors have recently made changes to their positions in PTC. Teacher Retirement System of Texas raised its stake in shares of PTC by 1,465.2% during the 1st quarter. Teacher Retirement System of Texas now owns 17,593 shares of the technology company’s stock valued at $2,726,000 after purchasing an additional 16,469 shares during the period. D.A. Davidson & CO. raised its stake in shares of PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after purchasing an additional 70 shares during the period. M&T Bank Corp raised its stake in shares of PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 724 shares during the period. Arcus Capital Partners LLC bought a new stake in shares of PTC during the 1st quarter valued at $762,000. Finally, Robeco Schweiz AG raised its stake in shares of PTC by 15.4% during the 1st quarter. Robeco Schweiz AG now owns 667,276 shares of the technology company’s stock valued at $103,394,000 after purchasing an additional 89,199 shares during the period. 95.14% of the stock is currently owned by institutional investors.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.