PTC (NASDAQ:PTC) Given New $160.00 Price Target at Mizuho

PTC (NASDAQ:PTC) had its price target reduced by Mizuho from $180.00 to $160.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities analysts have also recently commented on PTC. Barclays started coverage on PTC in a report on Tuesday, March 17th. They set an “overweight” rating and a $180.00 target price for the company. KeyCorp dropped their price target on PTC from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus set a $180.00 price objective on PTC in a report on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their target price on shares of PTC from $235.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.08.

PTC Stock Performance

Shares of PTC stock opened at $149.23 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC has a 12-month low of $133.38 and a 12-month high of $219.69. The business’s 50 day moving average is $158.08 and its two-hundred day moving average is $177.67. The company has a market capitalization of $17.76 billion, a P/E ratio of 21.79, a P/E/G ratio of 2.55 and a beta of 1.03.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.33. The business 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 24.63% and a net margin of 28.86%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Analysts expect that PTC will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 675 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the completion of the sale, the director directly owned 8,429 shares of the company’s stock, valued at $1,325,375.96. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of PTC stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the transaction, the executive vice president owned 22,221 shares in the company, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in PTC in the 4th quarter valued at about $27,000. Palladiem LLC acquired a new stake in shares of PTC during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new stake in shares of PTC during the 4th quarter worth approximately $29,000. Root Financial Partners LLC purchased a new stake in shares of PTC during the 3rd quarter valued at approximately $30,000. Finally, SJS Investment Consulting Inc. raised its position in shares of PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 158 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.