PTC (NASDAQ:PTC) Price Target Cut to $189.00 by Analysts at BMO Capital Markets

PTC (NASDAQ:PTC) had its price target lowered by BMO Capital Markets from $219.00 to $189.00 in a research report sent to investors on Thursday, MarketBeat Ratings reports. BMO Capital Markets currently has an outperform rating on the technology company’s stock.

Several other research firms also recently issued reports on PTC. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Piper Sandler reduced their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. JPMorgan Chase & Co. cut shares of PTC from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $205.00 to $162.00 in a research note on Monday. Oppenheimer cut their price objective on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of PTC in a report on Tuesday, January 27th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $189.23.

PTC Price Performance

Shares of NASDAQ:PTC opened at $153.94 on Thursday. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day simple moving average is $170.10 and its 200-day simple moving average is $189.86. 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 data on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.33. The firm had revenue of $685.83 million during the quarter, compared to the consensus estimate of $635.44 million. PTC had a return on equity of 25.09% and a net margin of 28.86%.PTC’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. As a group, equities analysts forecast that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the sale, the executive vice president owned 12,386 shares of the company’s stock, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the transaction, the executive vice president owned 22,461 shares of the company’s stock, valued at $3,925,958.19. The trade was a 21.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,277 shares of company stock valued at $10,624,076 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of PTC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTC. North Dakota State Investment Board acquired a new position in shares of PTC during the 4th quarter valued at about $712,000. Elyxium Wealth LLC purchased a new stake in PTC in the fourth quarter valued at approximately $27,000. Canada Post Corp Registered Pension Plan increased its position in PTC by 32.2% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 2,627 shares of the technology company’s stock worth $458,000 after purchasing an additional 640 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in PTC by 0.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 343,886 shares of the technology company’s stock worth $59,908,000 after purchasing an additional 1,390 shares during the period. Finally, DNB Asset Management AS boosted its holdings in shares of PTC by 10.0% in the 4th quarter. DNB Asset Management AS now owns 25,235 shares of the technology company’s stock valued at $4,396,000 after purchasing an additional 2,288 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Key Stories Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Q1 results materially beat expectations — EPS of $1.92 (+75% YoY) and revenue up ~21% to $685.8M, topping consensus and driven by large deal momentum and ARR growth. Zacks: Q1 Earnings
• Positive Sentiment: Company raised FYQ2 guidance above Street estimates (EPS range $1.93–$2.54; revenue $710M–$770M), signaling confidence in near‑term growth. PTC Press Release / Slide Deck
• Positive Sentiment: Large buyback program unveiled — targeting ~$1.115B–$1.315B in FY‑26 and $200M repurchased in Q1; company plans to use net after‑tax proceeds from divestitures for additional repurchases, which is shareholder‑friendly and supportive of EPS. MSN: Buybacks
• Positive Sentiment: Management highlighted AI embedding across the portfolio and a common AI infrastructure on the earnings call, positioning PTC to capture AI-driven enterprise spend alongside its Intelligent Product Lifecycle strategy. TipRanks: Earnings Call Highlights
• Neutral Sentiment: Operational metrics show ARR growth (8.4% constant currency; 9.0% ex certain assets) and improving cash flow, which supports the buyback plan but leaves questions around legacy product transitions. PR Newswire: Q1 Results
• Negative Sentiment: Several analysts trimmed price targets (RBC: $235→$195; Rosenblatt: $220→$200; BMO: $219→$189) even while many kept buy/outperform ratings — lowers near‑term upside expectations and may cap the stock multiple. The Fly / Benzinga: Analyst Moves
• Negative Sentiment: JPMorgan downgraded PTC to Underweight, and some outlets flagged investor concern that legacy product transitions could temper AI momentum — a factor that contributed to intraday weakness in some coverage. American Banking News: JPMorgan Downgrade
• Negative Sentiment: Some reports noted a sell‑off despite the beat, citing guidance nuance or investor skepticism; keep an eye on whether buybacks and divestiture proceeds are executed as described. Investing.com: Market Reaction

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.