PTC (NASDAQ:PTC) Given New $195.00 Price Target at KeyCorp

PTC (NASDAQ:PTC) had its price objective cut by KeyCorp from $210.00 to $195.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other brokerages have also issued reports on PTC. Stifel Nicolaus set a $180.00 target price on PTC in a research report on Thursday, February 5th. Barclays started coverage on shares of PTC in a research note on Tuesday. They set an “overweight” rating and a $180.00 price target for the company. Wall Street Zen downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup reduced their target price on shares of PTC from $181.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.85.

PTC Price Performance

Shares of NASDAQ PTC opened at $154.12 on Tuesday. The company has a fifty day moving average price of $159.90 and a 200 day moving average price of $179.44. The firm has a market cap of $18.34 billion, a PE ratio of 22.50, a PEG ratio of 2.55 and a beta of 1.03. 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 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.33. The firm had revenue of $685.83 million for 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 company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. PTC has set its Q2 2026 guidance at 1.930-2.540 EPS. Research analysts predict that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 240 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total transaction of $38,664.00. Following the completion of the transaction, the executive vice president directly owned 22,221 shares of the company’s stock, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of PTC by 10.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,281 shares of the technology company’s stock valued at $397,000 after buying an additional 216 shares during the last quarter. World Investment Advisors acquired a new position in PTC during the fourth quarter worth $245,000. Corient Private Wealth LLC raised its position in PTC by 50.2% during the fourth quarter. Corient Private Wealth LLC now owns 11,560 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 3,863 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in PTC during the fourth quarter worth $454,000. Finally, T. Rowe Price Investment Management Inc. raised its position in PTC by 3.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,384,246 shares of the technology company’s stock worth $3,202,720,000 after acquiring an additional 602,858 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Key PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: PTC completed the sale of its Kepware and ThingWorx IoT businesses and announced a $375 million accelerated share repurchase to use net after‑tax proceeds for buybacks — this reduces non-core exposure, concentrates the company on its Intelligent Product Lifecycle strategy, and is shareholder-friendly by shrinking float and supporting EPS. Article Title
• Positive Sentiment: PTC announced a strategic product partnership with NVIDIA to connect Onshape CAD to NVIDIA Isaac Sim, positioning PTC for deeper exposure to robotics simulation and AI-enabled product development — a potential growth catalyst for its CAD/PDM platform. Article Title
• Positive Sentiment: Barclays initiated coverage with an “overweight” rating and a $180 price target (roughly 16.8% above current levels), which provides institutional support and a constructive second viewpoint on upside. Article Title
• Neutral Sentiment: PTC published investor materials and a transcript discussing the divestiture and updated financial guidance — useful for modeling the impact of the sale, buyback timing, and any guidance adjustments but not an immediate directional catalyst by itself. Article Title
• Negative Sentiment: KeyCorp lowered its price target from $210 to $195 while keeping an “overweight” stance — the cut trims upside expectations and may apply short-term pressure despite still implying meaningful upside from current levels. Article Title

About PTC

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.