PTC (PTC) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PTC shares.
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10 brokers have issued twelve-month price targets for PTC's shares. Their PTC share price targets range from $177.00 to $215.00. On average, they anticipate the company's stock price to reach $202.40 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
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PTC's stock was trading at $174.96 on January 1st, 2024. Since then, PTC stock has increased by 0.0% and is now trading at $174.96.
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PTC saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,220,000 shares, an increase of 32.9% from the March 15th total of 1,670,000 shares. Based on an average daily volume of 827,900 shares, the days-to-cover ratio is presently 2.7 days.
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PTC Inc. (NASDAQ:PTC) announced its quarterly earnings results on Wednesday, February, 1st. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.01. The technology company had revenue of $465.91 million for the quarter, compared to analysts' expectations of $464.43 million. PTC had a net margin of 10.86% and a trailing twelve-month return on equity of 12.87%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of PTC (NASDAQ:PTC) stock in their portfolio include Fidelity Disruptive Automation ETF (FBOT), iShares Future Metaverse Tech and Communications ETF (IVRS), ProShares Metaverse ETF (VERS), 3D Printing ETF (PRNT), VictoryShares THB Mid Cap ESG ETF (MDCP), BTD Capital Fund (DIP), ProShares S&P Kensho Smart Factories ETF (MAKX) and Congress SMid Growth ETF (CSMD).

PTC issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of 4.600-5.100 for the period, compared to the consensus EPS estimate of 4.940. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

783 employees have rated PTC Chief Executive Officer Jim Heppelmann on Glassdoor.com. Jim Heppelmann has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), PayPal (PYPL), Tesla (TSLA), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Cisco Systems (CSCO) and Block (SQ).

PTC's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.89%), Robeco Schweiz AG (0.74%), Sumitomo Mitsui Trust Holdings Inc. (0.64%), Perpetual Ltd (0.47%), Renaissance Group LLC (0.18%) and Assenagon Asset Management S.A. (0.13%). Insiders that own company stock include Blake D Moret, Catherine Kniker, Corinna Lathan, James E Heppelmann, Kristian Talvitie, Michael Ditullio, Paul A Lacy, Robert Schechter, Staats Aaron C Von and Staats Aaron C Von.
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Shares of PTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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