PTC Inc. (PTC)

Over the past six months, PTC's stock price has decreased by 18.86%. In the last three months, the stock decreased by 21.36%, and in the past month, it decreased by 10.38%. As of early February 2026, the stock traded at $156.13. Key events impacting the stock include the Q1 Fiscal 2026 Earnings Report, the divestiture of Kepware and ThingWorx, share repurchases, and product and AI roadmap releases. In Q1 fiscal 2026, PTC reported robust constant currency Annual Recurring Revenue (ARR) and free cash flow growth, exceeding expectations. The company reaffirmed its intent to close the divestiture of these businesses on schedule, with proceeds intended to enhance shareholder returns. PTC repurchased $200 million of common stock in Q1 fiscal 2026 and plans further repurchases of approximately $250 million in Q2, with total fiscal 2026 repurchases expected to be between $1.115 billion and $1.315 billion. Management emphasized acceleration in product and AI roadmap releases, particularly in embedded AI and SaaS offerings, and new AI-powered capabilities for Windchill PLM and FlexPLM retail PLM solutions were launched in January 2026.

PTC experiences demand seasonality in its financial performance. The company anticipates generating approximately 60% of its free cash flow in the first half of the fiscal year, with the fourth quarter typically being the lowest cash flow generation quarter. The fiscal first quarter is generally the "lightest quarter" for net new Annual Recurring Revenue (ARR) due to renewal seasonality and the timing of large enterprise transactions.

PTC Inc. is an American computer software and services company specializing in digital transformation and industrial technology solutions. Founded in 1985 and headquartered in Boston, Massachusetts, PTC is known for its pioneering work in parametric, associative feature-based, solid computer-aided design (CAD) modeling software and its introduction of an internet-based product for Product Lifecycle Management (PLM). The company operates within the CAD/CAM/CAE/PLM Software, Application Lifecycle Management (ALM), Service Lifecycle Management (SLM), and Industrial Internet of Things (IIoT) industries. PTC's major products include Creo, Windchill, Codebeamer, Onshape, ServiceMax, Vuforia, Mathcad, and Arbortext Editor. PTC is divesting its Kepware and ThingWorx businesses to TPG to focus on core product lifecycle software.

PTC is a global technology company headquartered in Boston, Massachusetts, with a significant international presence, including over 80 offices in 30 countries. Its revenue is diversified across the Americas, Europe, and the Asia Pacific, with North America accounting for approximately half of its revenue in 2024.

PTC has a strong brand reputation as a pioneer in parametric design and for its innovation and reliability in software solutions for manufacturers. The company's software solutions are integral to the operations of leading manufacturers globally. In the past year, PTC has been recognized as a leader in its technology categories, earned top scores in the Innovation category for CAD, and was named a "Great Place to Work" in 19 countries. The company's strategic focus on core business areas and its commitment to product and AI roadmap releases have been positively received by customers.

Institutional investors hold a significant portion of PTC Inc. stock, owning approximately 88% of the shares. Major institutional owners include T. Rowe Price Investment Management, Inc., Vanguard Group Inc., BlackRock, Inc., State Street Corp., Geode Capital Management, LLC, and Janus Henderson Group Plc. Blake D. Moret is a significant individual shareholder, owning 24,523,547 shares, representing 20.53% of the company.