PTC (NASDAQ:PTC) Price Target Cut to $150.00 by Analysts at Barclays

PTC (NASDAQ:PTC) had its price target dropped by stock analysts at Barclays from $185.00 to $150.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 20.25% from the company’s previous close.

A number of other research analysts have also issued reports on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Tuesday, May 5th. Robert W. Baird set a $198.00 target price on shares of PTC in a report on Thursday, May 7th. Citigroup upped their price target on shares of PTC from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Berenberg Bank set a $170.00 price target on shares of PTC in a research note on Wednesday, May 27th. Finally, KeyCorp cut their price target on shares of PTC from $210.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.27.

PTC Price Performance

Shares of PTC opened at $124.74 on Monday. PTC has a 12-month low of $108.50 and a 12-month high of $219.69. The business has a 50-day simple moving average of $131.41 and a two-hundred day simple moving average of $146.91. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.30. The stock has a market cap of $14.41 billion, a PE ratio of 11.90, a PEG ratio of 1.82 and a beta of 0.99.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.06 by $0.63. PTC had a return on equity of 25.84% and a net margin of 41.81%.The firm had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. During the same period last year, the company earned $1.79 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Analysts anticipate that PTC will post 6.35 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total value of $118,989.12. Following the completion of the transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at approximately $184,462.30. This trade represents a 39.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Large investors have recently added to or reduced their stakes in the business. Tema ETFs LLC lifted its stake in 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 buying an additional 290 shares during the period. Handelsbanken Fonder AB grew its position in shares of PTC by 9.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 36,600 shares of the technology company’s stock worth $4,158,000 after buying an additional 3,200 shares during the period. Czech National Bank increased its stake in shares of PTC by 1.4% in the 2nd quarter. Czech National Bank now owns 32,877 shares of the technology company’s stock valued at $3,735,000 after acquiring an additional 469 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of 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 acquiring an additional 2,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of PTC by 104.5% during 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 acquiring an additional 114,961 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.