Key Points
- PTC Director Corinna Lathan sold 1,750 shares at an average price of $195.75, generating $342,562.50. Her remaining stake fell by 20.76% to 6,679 shares.
- PTC shares opened at $193, near the proposed $205-per-share all-cash acquisition price from Schneider Electric. Analysts largely maintain Hold or Neutral ratings, with a consensus price target of $200.06.
- PTC recently slightly exceeded quarterly EPS expectations, reporting $1.58 versus $1.57 expected, but revenue declined 6.8% year over year to $600.05 million.
PTC Inc. (NASDAQ:PTC - Get Free Report) Director Corinna Lathan sold 1,750 shares of the firm's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the completion of the sale, the director owned 6,679 shares of the company's stock, valued at approximately $1,307,414.25. The trade was a 20.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PTC Price Performance
Shares of PTC opened at $193.00 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average is $145.37 and its two-hundred day moving average is $137.51. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $206.82. The firm has a market capitalization of $20.94 billion, a PE ratio of 18.67, a P/E/G ratio of 2.42 and a beta of 0.99.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. PTC had a return on equity of 25.31% and a net margin of 41.67%.The business had revenue of $600.05 million during the quarter, compared to analysts' expectations of $611.62 million. During the same period last year, the firm earned $1.64 EPS. The company's quarterly revenue was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. Research analysts anticipate that PTC Inc. will post 6.56 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on PTC. JPMorgan Chase & Co. upgraded shares of PTC from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $145.00 to $205.00 in a research report on Monday. Mizuho increased their price target on shares of PTC from $160.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday. Stifel Nicolaus set a $205.00 price objective on shares of PTC in a research note on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of PTC to a "hold" rating and set a $205.00 price objective on the stock. in a report on Monday. Finally, BMO Capital Markets lowered shares of PTC from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $164.00 to $205.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, PTC presently has a consensus rating of "Hold" and a consensus price target of $200.06.
Check Out Our Latest Research Report on PTC
Institutional Trading of PTC
Institutional investors have recently bought and sold shares of the company. Palladiem LLC acquired a new stake in PTC in the fourth quarter valued at $28,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC during the 2nd quarter worth $30,000. Allworth Financial LP acquired a new position in shares of PTC during the 2nd quarter worth $32,000. Integrated Wealth Concepts LLC purchased a new stake in shares of PTC in the 2nd quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of PTC in the 1st quarter worth about $36,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
Key PTC News
Here are the key news stories impacting PTC this week:
- Positive Sentiment: Schneider Electric’s agreement to acquire PTC in an all-cash deal provides shareholders with a clearly defined $205 exit price and supports the stock’s recent sharp increase. Schneider expects the combination to strengthen its industrial-software and artificial-intelligence capabilities. Schneider Electric inks $22.6 billion takeover of software maker PTC
- Positive Sentiment: JPMorgan upgraded PTC to “neutral” and raised its price target to $205 from $145, while Mizuho lifted its target to $205 from $160. These targets align with the proposed transaction value and indicate limited fundamental downside if the deal closes. PTC analyst rating updates
- Positive Sentiment: From a technical perspective, PTC has formed a “golden cross,” with its 50-day moving average above its 200-day moving average. This suggests improving momentum, although technical signals are secondary to the pending merger. Should You Buy PTC After Golden Cross
About PTC
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
