Barclays Reaffirms Equal Weight Rating for PTC (NASDAQ:PTC)

by · The Markets Daily

PTC (NASDAQ:PTC – Get Free Report)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a research note issued to investors on Monday, Benzinga reports. They presently have a $205.00 price target on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 6.52% from the stock’s previous close.

Several other research firms also recently commented on PTC. Piper Sandler decreased their price objective on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of PTC in a report on Thursday, June 18th. They issued a “neutral” rating and a $130.00 target price for the company. Citigroup raised their target price on shares of PTC from $127.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Stifel Nicolaus dropped their price target on shares of PTC from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PTC in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $184.20.

Read Our Latest Stock Analysis on PTC

PTC Stock Performance

PTC traded up $48.42 during midday trading on Monday, hitting $192.46. 23,743,022 shares of the company traded hands, compared to its average volume of 1,561,738. The company’s 50-day moving average is $142.72 and its 200 day moving average is $136.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.88 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. PTC has a 52 week low of $108.50 and a 52 week high of $206.82.

PTC (NASDAQ:PTC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $600.05 million during the quarter, compared to analyst estimates of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, research analysts expect that PTC will post 6.56 EPS for the current year.

Institutional Investors Weigh In On PTC

Hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in shares of PTC by 13.2% during the second quarter. QRG Capital Management Inc. now owns 7,089 shares of the technology company’s stock valued at $805,000 after acquiring an additional 828 shares in the last quarter. State Street Corp boosted its position in PTC by 10.2% during the second quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after purchasing an additional 596,955 shares in the last quarter. Tidal Investments LLC grew its position in shares of PTC by 25.1% in the 2nd quarter. Tidal Investments LLC now owns 40,728 shares of the technology company’s stock worth $4,627,000 after buying an additional 8,177 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in PTC by 4.7% in the second quarter. Archford Capital Strategies LLC now owns 5,135 shares of the technology company’s stock worth $583,000 after purchasing an additional 232 shares during the last quarter. Finally, National Pension Service grew its stake in PTC by 33.5% during the 2nd quarter. National Pension Service now owns 40,800 shares of the technology company’s stock worth $4,635,000 after buying an additional 10,231 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

More PTC News

Here are the key news stories impacting PTC this week:

  • Positive Sentiment: Schneider Electric buyout drives gains: Schneider will pay $205 per PTC share, valuing PTC’s equity at approximately $22.6 billion and the transaction’s enterprise value at about $23.7 billion. The offer represents a roughly 42.3% premium to PTC’s previous closing price and explains the unusually heavy trading volume and sharp increase in the stock. Schneider Electric inks $22.6 billion takeover of software maker PTC
  • Positive Sentiment: Strategic industrial-software combination: Schneider said the acquisition will expand its industrial software capabilities and create one of the largest portfolios in the sector, with potential exposure to industrial digitalization and artificial-intelligence trends. The deal also represents Schneider’s largest acquisition. Schneider Electric to Buy Software Maker PTC for $22.6 Billion

PTC Company Profile

(Get Free Report)

PTC Inc (NASDAQ: PTC) develops software designed to help manufacturers and other industrial companies create, manage, operate and service physical products. Its portfolio supports product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, industrial Internet of Things applications and augmented reality.

PTC’s primary products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and Servigistics for service parts and service operations management.

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