PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an IIoT platform that enables customers to address digital transformation of their operations, products, and services; ThingWorx Solution Central, a centralized portal in the cloud that allows users of ThingWorx to discover, deploy, and manage ThingWorx applications; and ThingWorx Kepware, which enables users to connect, manage, monitor, and control disparate devices and software applications. The company also provides Vuforia Studio, a cloud-based tool that enables industrial enterprises to author and publish augmented reality (AR) experiences; Vuforia Expert Capture that chronicles the real-time movements of a person wearing an AR headset; Vuforia Engine technology for application development; Vuforia Chalk, a collaboration and remote assistance solution; and Vuforia Spatial Toolbox technology to accelerate the development of spatial computing prototypes and use cases. In addition, it offers Onshape, a cloud-native multi-tenant platform that unites computer-aided design with data management, collaboration tools, and real-time analytics; Creo, a suite of product design software, which provides capabilities for design, real-time simulation, additive manufacturing, design flexibility, advanced assembly design, piping and cabling design, advanced surfacing, virtual prototyping, and other design functions; and Windchill, a product lifecycle management software. Further, the company provides Integrity, an application lifecycle management solution; Servigistics, service parts management solution; and consulting, implementation, training, cloud, and license and support services. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was founded in 1985 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: ptc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/1/2025 | $183.00 → $187.00 | Outperform | BMO Capital Markets |
| 4/16/2025 | $220.00 → $183.00 | Outperform | BMO Capital Markets |
| 4/9/2025 | $160.00 | Overweight → Neutral | 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 |
Delivered solid execution in Q2'25 and exceeded guidance across all metricsConstant Currency ARR Growth of 10% Operating Cash Flow Growth of 12%Free Cash Flow Growth of 13%Proceeding with share repurchases under our $2 billion authorizationContinuing to build a strong foundation for AI-driven and verticalized growthUpdating FY'25 guidance to proactively manage macroeconomic riskBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2025. "Q2 was a solid quarter for us, and I remain extremely optimi
Leading global automotive and industrial supplier continues product development modernization with transition to cloud-based Windchill+ PLMWindchill+ offers speed of deployment, upgrade, and collaboration benefits to help customers accelerate development timePTC and Schaeffler expect to collaborate on AI-driven product development initiativesBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that Schaeffler, a leading motion technology company, will adopt PTC's Windchill+® product lifecycle management (PLM) solution as it continues modernizing its product development practices and working to accelerate time to market. As part of a broader cloud-driven transformation effo
New AI-powered assistant offers designers step-by-step guidance and recommendations during design processOnshape Government delivers cloud-native CAD and PDM to aerospace and defense companies with ITAR and EAR compliance requirementsBOSTON, April 15, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced two new offerings from its cloud-native Onshape® computer-aided design (CAD) and product data management (PDM) platform: Onshape AI Advisor, an intelligent, generative AI-powered assistant that enables the enhancement of design productivity and expertise, and Onshape Government, a specialized solution designed to meet the International Traffic in Arms Regulations (ITAR) and Export Administra
BOSTON, April 9, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2025 second quarter results on Wednesday, April 30th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, April 30th 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 Q2'25 Conference Call and Webcast W
BOSTON, April 2, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management (ALM) and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables better collaboration across development teams and more efficient management of product data. The acquisition further expands PTC's deep expertise in ALM, systems engineering, and
Industry-leading ALM solution delivers enhanced speed and scalability with variant managementModern branching method and scaled working sets enable customers to accelerate development of products and ensure complianceSustainability Template offers eco-friendly design best practices and reduces physical prototypes through reuseProvides end-to-end traceability and process support for product compliance in regulated industriesBOSTON, March 27, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced the release of its Codebeamer® 3.0 Application Lifecycle Management (ALM) solution, designed to enable companies to develop products faster, more sustainably, and with higher quality, as well as help e
PTC to preview Windchill AI and Document Vault AI agentPTC to demonstrate agentic AI across the product digital thread with Windchill AI, Codebeamer AI, and ServiceMax AIPTC demonstrations available in Hall 17, Stand D40 from March 31 – April 4, 2025BOSTON, March 25, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) will preview its Windchill® AI product lifecycle management (PLM) assistant, a generative AI-powered PLM offering, at Hannover Messe 2025. Windchill AI leverages all product data stored in Windchill to enable engineers to access information, make decisions, and develop their products more efficiently. Windchill AI will be demonstrated alongside PTC's Codebeamer® AI offering for requirements
BOSTON, March 13, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Trac Pham to its Board of Directors, effective March 17, 2025. Pham is the former Chief Financial Officer of Synopsys, a recognized leader in electronic design automation and semiconductor development. During his tenure as CFO, Pham led Synopsys through two significant transformations that helped scale the company from $2.0B to $5.1B in revenue while expanding operating margins. He is currently on the Board of Directors of UKG and SiFive, serving as Chair of the Audit Committee for bo
BOSTON, Feb. 27, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it will participate in the following conferences. What: Morgan Stanley Technology, Media & Telecom ConferenceWhen: Tuesday, March 4th, 2025 at 2:35pm PST What: Stifel's Inaugural NYC Technology 1:1 ConferenceWhen: Tuesday, March 11th, 2025 What: BofA Securities 32nd Annual Industrials, Transportation & Airlines Key Leaders ConferenceWhen: Thursday, May 15th, 2025 What: Baird Global Consumer, Technology & Services ConferenceWhen: Tuesday, June 3rd, 2025 What: Mizuho
Leading field service management solution delivers new GenAI capabilities to service organizations to increase technician effectivenessReschedules appointments, automates manual tasks, reviews asset history, and provides predictive maintenance guidance to streamline service executionIntelligently searches through manuals, troubleshooting guides, and service history to answer technician questions and proactively recommend service resolutionsBOSTON, Feb. 12, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced the release of the ServiceMax AI field service management assistant powered by generative artificial intelligence (GenAI). ServiceMax AI leverages the full documented history of a field
BMO Capital Markets reiterated coverage of PTC with a rating of Outperform and set a new price target of $187.00 from $183.00 previously
BMO Capital Markets reiterated coverage of PTC with a rating of Outperform and set a new price target of $183.00 from $220.00 previously
Analyst downgraded PTC from Overweight to Neutral and set a new price target of $160.00
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
Oppenheimer upgraded PTC from Perform to Outperform and set a new price target of $165.00
Piper Sandler initiated coverage of PTC with a rating of Neutral and set a new price target of $150.00
BMO Capital Markets initiated coverage of PTC with a rating of Outperform and set a new price target of $166.00
KeyBanc Capital Markets upgraded PTC from Sector Weight to Overweight and set a new price target of $155.00
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BOSTON, April 2, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management (ALM) and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables better collaboration across development teams and more efficient management of product data. The acquisition further expands PTC's deep expertise in ALM, systems engineering, and
BOSTON, March 13, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Trac Pham to its Board of Directors, effective March 17, 2025. Pham is the former Chief Financial Officer of Synopsys, a recognized leader in electronic design automation and semiconductor development. During his tenure as CFO, Pham led Synopsys through two significant transformations that helped scale the company from $2.0B to $5.1B in revenue while expanding operating margins. He is currently on the Board of Directors of UKG and SiFive, serving as Chair of the Audit Committee for bo
BOSTON, Dec. 9, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has appointed Robert Dahdah as Executive Vice President, Chief Revenue Officer. Dahdah joins PTC from Microsoft, where he served as Corporate Vice President of Global Healthcare and Life Sciences. Dahdah will be responsible for global sales and customer success for PTC's Digital Thread group and the overall execution of the company's vertical-focused go-to-market strategy. "Rob is an accomplished go-to-market leader with a proven track record of delivering results, building winning teams, and creatin
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
Bill Mitchell elevated to Executive Chair of the Board of Directors HungerRush, the leading cloud software provider for the restaurant industry, today announced the appointment of Mike Jerich as Chief Executive Officer effective February 5th. Mike succeeds Interim Chief Executive Officer Bill Mitchell, who has been elevated to Executive Chair of the Board of Directors. In his new role, Bill will continue providing his invaluable guidance and expertise, drawn from 30 years of exceptional leadership experience. He will remain actively involved in key aspects of the company's strategic planning and focus on restaurant relationships, offering his insights to ensure the ongoing success of Hung
– Company Welcomes World-Class Go-To-Market Executive to Scale its Customer Facing Operations – Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced the appointment of Jay Muelhoefer to serve as Chief Commercial Officer, effective October 12, 2023. Mr. Muelhoefer will assume global responsibility for the Company's Sales, Marketing, Alliances, Channels, and Customer Success teams to help expand brand awareness, drive revenue growth globally, and ensure exceptional customer experiences. Mr. Muelhoefer joins the Company from Kinaxis (TSX:KXS), a leading SaaS-based supply chain management applications provider focused on planning and e
pure-systems' pure::variants solution adopted by some of the world's largest manufacturing companies for managing software and product variants.Acquisition supports PTC's ALM leadership across automotive, medical device, aerospace, and other safety-critical and regulated industries.BOSTON, Oct. 4, 2023 /PRNewswire/ -- PTC (NASDAQ:PTC) today announced that it has acquired pure-systems, a leading provider of product and software variant management solutions. Manufacturing companies use pure-systems' pure::variants® solution to efficiently manage the different variations of software and systems engineering assets across their product configurations. PTC and pure-systems had partnered prior to t
BOSTON, March 15, 2022 /PRNewswire/ -- PTC (NASDAQ:PTC) has appointed Amar Hanspal to its Board of Directors, effective April 1, 2022. Hanspal brings more than 30 years of experience driving strategic and operational excellence through a combination of product expertise, strategic team leadership, and high-performance execution. Throughout his career, Hanspal has driven innovation and digital transformation at a global scale. Most recently, Hanspal served as Chief Executive Officer of Bright Machines, which focuses on factory automation combining robotics, machine vision and m
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Delivered solid execution in Q2'25 and exceeded guidance across all metricsConstant Currency ARR Growth of 10% Operating Cash Flow Growth of 12%Free Cash Flow Growth of 13%Proceeding with share repurchases under our $2 billion authorizationContinuing to build a strong foundation for AI-driven and verticalized growthUpdating FY'25 guidance to proactively manage macroeconomic riskBOSTON, April 30, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2025. "Q2 was a solid quarter for us, and I remain extremely optimi
BOSTON, April 9, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2025 second quarter results on Wednesday, April 30th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, April 30th 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 Q2'25 Conference Call and Webcast W
Solid ARR and Cash Flow BOSTON, Feb. 5, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its first fiscal quarter ended December 31, 2024. "In Q1'25, we delivered solid year-over-year constant currency ARR growth of 11% and cash flow growth above 25%, which was in-line with our guidance. Our differentiated strategy leverages our unique portfolio to help product companies accelerate their time to market and manage increasing complexity. It's an exciting time because our products are at the epicenter of driving business transformation at our customers,"
BOSTON, Jan. 15, 2025 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2025 first quarter results on Wednesday, February 5th after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, February 5th at 5 pm 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 Q1'25 Conference Call and Webca
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
BOSTON, July 11, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 third quarter results on Wednesday, July 31st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, July 31st 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 Q3'24 Conference Call and Webcast When
Solid ARR and Cash Flow in Q2 of Fiscal 2024 Updating Fiscal 2024 and Mid-Term Targets BOSTON, May 1, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) today reported financial results for its second fiscal quarter ended March 31, 2024. "In our second fiscal quarter, we again delivered solid results. We have a differentiated strategy that leverages our unique product portfolio to enable our customers with their digital transformation journeys. Our consistent ARR and free cash flow growth continues to highlight the value we are bringing to our customers and the stability of our business mo
BOSTON, April 10, 2024 /PRNewswire/ -- PTC (NASDAQ:PTC) will release its fiscal 2024 second quarter results on Wednesday, May 1st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, May 1st 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 Q2'24 Conference Call and Webcast When:
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