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PTC Inc.

PTC · NASDAQ

Market open$125.01$-2.35 (-1.85%)

Key statistics

Previous close$127.36
Open$127.52
Day high$127.65
Day low$124.49
52-week high$219.69
52-week low$108.50
Market cap14.44B
Volume649.70K
Average volume1.74M
P/E ratio12.86
Forward P/E—
EPS9.72
Dividend yield0.00%

Market context

Why it moved

PTC Inc. (NASDAQ: PTC) shares declined modestly amid broader tech sector softness and macro headwinds including elevated crude oil prices and foreign institutional investor selling, despite positive company-specific news such as being named a Leader in Gartner's 2026 Magic Quadrant for PLM Software and new AI-CAD partnership announcements, suggesting the broader market weakness outweighed these incremental positives.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026PTC Inc. shares are declining modestly, caught in a broader software sector selloff triggered by IBM's historic earnings warning last week, in which the company flagged that enterprise clients were shifting IT budgets away from software toward AI hardware infrastructure. That macro headwind is weighing on the sector even as PTC itself delivered positive product news — earning dual Gartner Magic Quadrant recognitions for its Windchill (Leader) and Arena (Visionary) PLM solutions on July 16, and launching Onshape Labs, an AI-focused early-access program, on July 14. With fiscal Q3 2026 earnings on the horizon, investors are balancing PTC's strong product positioning against sector-wide concerns over AI-driven budget reallocation.

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July 17, 2026PTC Inc. shares gained over 3% on July 16, rebounding strongly even as the broader technology sector faced headwinds from semiconductor weakness and lingering concerns following IBM's historic 25% plunge earlier in the week. The recovery was supported by two notable company announcements: Gartner named PTC's Windchill a Leader and Arena a Visionary in the 2026 Magic Quadrant for PLM Software, reinforcing its competitive positioning in product lifecycle management. Additionally, PTC launched Onshape Labs, an early-access AI feature program within its cloud-native CAD platform, signaling continued investment in AI-driven product development tools ahead of its fiscal Q3 2026 earnings. In after-hours trading, shares edged slightly lower to ~$126.80, in line with broader tech softness, while the XLK sector ETF also dipped modestly after hours.

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July 15, 2026PTC Inc. closed modestly higher, outperforming software sector peers that were broadly pressured following IBM's historic 25% single-day plunge after its Q2 earnings warning, which rattled the enterprise software space by highlighting client capex shifting from software toward AI hardware. PTC's resilience was supported by its own AI product momentum — the company launched Onshape Labs on July 14, an early-access program within its cloud-native CAD platform featuring AI-driven rendering tools and NVIDIA Isaac Sim integrations — positioning it at the application layer of AI where investor focus is increasingly concentrated.

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July 15, 2026PTC Inc. shares fell amid a broad software sector selloff triggered by IBM's shocking Q2 earnings warning, in which the tech giant admitted it 'faltered' as enterprise clients shifted capital spending away from software toward AI-driven hardware procurement. The IBM-led rout dragged down the IGV software ETF roughly 2% and weighed on peers including Salesforce and Microsoft, pulling PTC lower despite the company's own recent Q2 EPS beat of 26.4% above estimates and Barclays maintaining its Overweight rating on PTC — albeit with a reduced price target of $150 from $185. PTC also launched 'Onshape Labs,' an early-access AI and robotics program within its cloud-native CAD platform, but broader sector contagion from the IBM warning overshadowed company-specific positives.

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July 14, 2026PTC Inc. edged higher, closing up modestly despite a broadly pressured technology session weighed down by renewed U.S.-Iran hostilities and a chip stock selloff in Asia. The key headline for PTC was Barclays maintaining its Overweight rating while cutting its price target sharply to $150 from $185, signaling tempered near-term expectations even as the firm stays bullish. Adding to the backdrop, new filings revealed PTC's Irish subsidiary posted a 937-fold surge in pretax profits to $240M on revenues of $723M, highlighting strong operational performance at the unit. In after-hours trade, shares slipped back toward the prior close.

0.5451

July 10, 2026PTC Inc. edged higher, closing up modestly as investors look ahead to the company's fiscal Q3 2026 earnings release scheduled for July 29 after market close. Earlier this week, analysts trimmed PTC's fair value estimate from $190.53 to $179.25, reflecting a split in analyst views on AI-driven growth prospects for the industrial software maker. The stock navigated a volatile macro backdrop shaped by ongoing U.S.-Iran tensions and geopolitical risk-off sentiment, while a new partnership with Whatfix to accelerate PLM adoption in manufacturing offered a modest positive catalyst.

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July 10, 2026PTC Inc. edged higher, outperforming many software peers as investors look ahead to its fiscal Q3 2026 earnings report scheduled for July 29. The company confirmed the earnings date this week alongside a new PLM partnership with Whatfix, while analysts trimmed PTC's fair value estimate to $179.25 amid divided views on AI growth prospects. The broader software sector remains under pressure from 'SaaSpocalypse' fears, with IGV down ~10.5% YTD, though macro headwinds from renewed U.S.-Iran tensions and oil price volatility weighed on overall market sentiment.

0.9624

July 9, 2026PTC Inc. shares declined amid a broader risk-off session triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and sparking a tech selloff. Adding to the pressure, PTC was recently removed from several Russell growth and factor indices, creating near-term headwinds from forced index fund repositioning. Investor focus is now on the July 29 fiscal Q3 earnings call, where consensus expects EPS of $1.19 — though PTC has beaten estimates in each of the last four quarters. Analysts remain split, with Baird and Barclays raising targets while Berenberg, Citi, and BNP Paribas hold cautious stances, and fair value estimates have been trimmed to around $179.

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Stock Titan · July 8, 2026PTC sets July 29 webcast for fiscal Q3'26 resultsMoomoo · July 8, 2026PTC to Announce Fiscal Q3'26 Results on Wednesday, July 29, 2026Morningstar · July 8, 2026PTC to Announce Fiscal Q3'26 Results on Wednesday, July 29, 2026Simply Wall Street · July 6, 2026PTC (PTC) Could Be 35% Undervalued Following TRD Partnership And Orbit LaunchPR Newswire · February 4, 2026PTC ANNOUNCES FIRST FISCAL QUARTER 2026 RESULTSInvesting News Network · January 14, 2026PTC to Announce Fiscal Q1'26 Results on Wednesday, February 4th, 2026
Benzinga · July 13, 2026Barclays Maintains Overweight on PTC, Lowers Price Target to $150
Mt Newswire · July 13, 2026Barclays Adjusts Price Target on PTC to $150 From $185, Maintains Overweight Rating
Mt Newswire · July 7, 2026PTC Partners With Whatfix to Help Manufacturers Accelerate PLM Software Adoption
Mt Newswire · June 26, 2026JPMorgan Adjusts Price Target on PTC to $145 From $162, Maintains Underweight Rating
Benzinga · June 18, 2026BNP Paribas Initiates Coverage On PTC with Neutral Rating, Announces Price Target of $130
Mt Newswire · June 18, 2026BNP Paribas Initiates PTC at Neutral With $130 Price Target
Benzinga · May 28, 2026PTC Named Official Engine Design Software Partner Of TRD U.S.A.
Mt Newswire · May 27, 2026Berenberg Lowers Price Target on PTC to $170 From $192, Keeps Hold Rating

Peers

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