PTC downgraded by Mizuho with a new price target
$PTC
Computer Software: Prepackaged Software
Technology
Mizuho downgraded PTC from Buy to Neutral and set a new price target of $190.00 from $200.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $210.00 → $196.00 | Buy → Hold | Berenberg |
| 6/4/2024 | $200.00 → $190.00 | Buy → Neutral | Mizuho |
| 1/4/2024 | $130.00 → $200.00 | Neutral → Overweight | JP Morgan |
| 10/30/2023 | $165.00 | Perform → Outperform | Oppenheimer |
| 6/14/2023 | $150.00 | Neutral | Piper Sandler |
| 5/24/2023 | $166.00 | Outperform | BMO Capital Markets |
| 1/23/2023 | $155.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 1/11/2023 | $155.00 | Buy | Berenberg |
8-K - PTC INC. (0000857005) (Filer)
8-K - PTC INC. (0000857005) (Filer)
8-K - PTC INC. (0000857005) (Filer)
Berenberg downgraded PTC from Buy to Hold and set a new price target of $196.00 from $210.00 previously
Mizuho downgraded PTC from Buy to Neutral and set a new price target of $190.00 from $200.00 previously
JP Morgan upgraded PTC from Neutral to Overweight and set a new price target of $200.00 from $130.00 previously
Solid ARR and Cash Flow in Fourth Fiscal Quarter and Full Fiscal Year BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2024. "In fiscal year 2024, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our
BOSTON, Oct. 16, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 fourth quarter and full year results on Wednesday, November 6th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, November 6th at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q4'24 Conference
Solid ARR and Cash Flow in Q3'24 Guiding to 11-12% Constant Currency ARR Growth and Maintaining Free Cash Flow Guidance for FY'24 BOSTON, July 31, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its third fiscal quarter ended June 30, 2024. "In our third fiscal quarter, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique product portfolio to help product companies accelerate time to market and manage increasing c
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ:VMEO), the world's most innovative video experience platform for creators and enterprises, today appointed Charlie Ungashick as Chief Marketing Officer. Ungashick, who has supported the brand as interim CMO since January 2024, will oversee the brand's comprehensive marketing efforts across the consumer and commercial channels as Vimeo integrates leading-edge AI capabilities to deliver value for businesses, creators and video professionals globally. He will also lead and produce the company's first customer conference, Vimeo REFRAME, later this month. "Charlie's proven track record of building and scaling marketing organizations, co
BOSTON, Sept. 3, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Rob Bernshteyn to its Board of Directors, effective September 9, 2024. Bernshteyn has held leadership and executive roles in the enterprise software space for over 30 years, including 14 years as CEO and Chairman of Coupa Software, a provider of business spend management solutions. During his tenure at Coupa, Bernshteyn transformed the company into a high-growth industry leader and led a successful IPO in 2016. He is currently a General Partner at ICONIQ Growth. "We're pleased to welco
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier digital investigative solutions for the public and private sectors, announced today that Troy Richardson has joined its board of directors, effective August 13, 2024. Mr. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (NYSE:UIS) Board of Directors and previously served as a Director of the Board for Carestream Dental. Mr. Richardson was president of the Digital Thread group at PTC Inc. (NASDAQ:PTC) from 2021 until 2022
4 - PTC INC. (0000857005) (Issuer)
4 - PTC INC. (0000857005) (Issuer)
3 - PTC INC. (0000857005) (Issuer)
Solid ARR and Cash Flow in Fourth Fiscal Quarter and Full Fiscal Year BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2024. "In fiscal year 2024, we again delivered solid ARR and cash flow, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. We have a differentiated strategy that leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our
BOSTON, Nov. 6, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that its Board of Directors has authorized the repurchase of up to $2 billion worth of PTC common stock through September 30, 2027. "This repurchase authorization demonstrates the Board's confidence in PTC's ability to drive customer value while enhancing shareholder returns, and supports PTC's capital allocation strategy," said Janice Chaffin, Chair of the Board. "PTC intends to repurchase approximately $300 million of our common stock in fiscal 2025, beginning in our first quarter, as we balance debt paydo
BOSTON, Oct. 16, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 fourth quarter and full year results on Wednesday, November 6th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, November 6th at 5pm Eastern Time. The earnings press release, accompanying earnings presentation, and financial data tables will be accessible prior to the conference call and webcast on the Investor Relations section of the Company's website at PTC Investor Relations. What: PTC Fiscal Q4'24 Conference
SC 13G/A - PTC INC. (0000857005) (Subject)
SC 13G/A - PTC INC. (0000857005) (Subject)
SC 13G - PTC INC. (0000857005) (Subject)
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 5.92% on an annualized basis producing an average annual return of 16.61%. Currently, PTC has a market capitalization of $20.96 billion. Buying $100 In PTC: If an investor had bought $100 of PTC stock 10 years ago, it would be worth $460.40 today based on a price of $175.04 for PTC at the time of writing. PTC's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
PTC (NASDAQ:PTC) has outperformed the market over the past 5 years by 2.32% on an annualized basis producing an average annual return of 15.48%. Currently, PTC has a market capitalization of $22.03 billion. Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 5 years ago, it would be worth $2,026.77 today based on a price of $183.97 for PTC at the time of writing. PTC's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor