PTC (NASDAQ:PTC) Stock Moved Up to Neutral by JPMorgan Chase & Co.

by · The Cerbat Gem

PTC (NASDAQ:PTC – Get Free Report) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Monday, Benzinga reports. The brokerage currently has a $205.00 target price on the technology company’s stock, up from their prior target price of $145.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.14% from the stock’s previous close.

Several other research firms have also recently weighed in on PTC. KeyCorp cut shares of PTC from an “overweight” rating to a “sector weight” rating in a report on Monday. Piper Sandler reduced their target price on shares of PTC from $175.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Deutsche Bank Aktiengesellschaft cut shares of PTC to a “hold” rating and set a $205.00 target price on the stock. in a report on Monday. Finally, Royal Bank Of Canada cut PTC from a “buy” rating to a “sector perform” rating and increased their price target for the company from $195.00 to $306.00 in a research note on Monday. Two research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, PTC presently has an average rating of “Hold” and a consensus price target of $200.06.

View Our Latest Stock Analysis on PTC

PTC Stock Up 0.5%

Shares of NASDAQ:PTC traded up $0.88 during trading on Monday, hitting $193.14. 4,177,068 shares of the company’s stock traded hands, compared to its average volume of 1,607,545. 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 company has a 50-day moving average price of $144.06 and a 200-day moving average price of $137.21. PTC has a 52 week low of $108.50 and a 52 week high of $206.82. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99.

PTC (NASDAQ:PTC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share 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 analysts’ expectations of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%.PTC’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, research analysts forecast that PTC will post 6.56 EPS for the current fiscal year.

Institutional Investors Weigh In On PTC

Institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. grew its holdings 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 buying an additional 602,858 shares in the last quarter. State Street Corp grew its position in PTC by 10.2% in the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock worth $733,048,000 after purchasing an additional 596,955 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of PTC by 0.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,518,792 shares of the technology company’s stock valued at $613,009,000 after acquiring an additional 32,508 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of PTC by 17.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares during the period. Finally, Jupiter Topco LLC bought a new position in PTC during the second quarter valued at about $418,553,000. Institutional investors and hedge funds 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 takeover: Schneider agreed to pay $205 per share in cash, valuing PTC’s equity at approximately $22.6 billion and the transaction, including debt, at about $23.7 billion. The offer represents a roughly 42% premium to PTC’s unaffected price and gives shareholders a defined cash exit. The combination is intended to create a larger industrial-software and industrial-AI portfolio. Schneider Electric inks $22.6 billion takeover of software maker PTC
  • Positive Sentiment: Analyst price targets moved higher: Mizuho and Barclays raised their PTC targets to $205, broadly matching the proposed cash consideration. These increases acknowledge the deal value, although both firms retained neutral or equal-weight views rather than signaling additional upside. PTC Stock Price Target Raised at Mizuho
  • Neutral Sentiment: Technical momentum improved: PTC’s 50-day moving average has crossed above its 200-day moving average, forming a “golden cross,” a technical signal often viewed as bullish. However, technical momentum is secondary to the pending merger’s terms and closing timeline. Should You Buy PTC Inc. After Golden Cross?
  • Negative Sentiment: Analyst downgrades and limited upside: Rosenblatt Securities, Robert W. Baird, KeyCorp and Loop Capital moved to hold, sector-weight or equivalent ratings. The downgrades largely reflect that PTC now trades close to the $205 offer, leaving limited standalone upside. One analysis also noted that recent earnings-estimate revisions do not support further gains absent the acquisition. PTC Stock Rating Lowered by Robert W. Baird
  • Negative Sentiment: Merger and shareholder risks: Law firms have announced investigations into whether the $205 offer fairly values PTC and whether the board obtained the best terms. The deal also remains subject to customary approvals and closing conditions, so the remaining spread reflects the possibility of delays, competing proposals or failure to close. PTC Shareholder Alert

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.

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