PTC Inc. (PTC)

Over the past six months, PTC announced its fiscal Q3 2025 results on July 30, 2025, and reported its Q4 and full-year 2025 results on November 5, 2025. The company reported solid Q1 and Q2 fiscal year 2025 results, with ARR growth of 11% and 10% year-over-year, respectively, exceeding internal expectations and reiterated its full-year fiscal 2025 constant currency ARR growth guidance of 9% to 10%. PTC is undergoing a "go-to-market transformation" and making strategic investments in AI to enhance its product portfolio. In January 2026, PTC announced a new CFO appointment and launched AI-Powered FlexPLM Capabilities at NRF 2026 and showcased its Intelligent Product Lifecycle Vision with Lamborghini at CES 2026 in January 2026. PTC also extended its Cloud-Native CAD, PDM, and PLM solutions to regulated industries with Onshape Government and Arena GovCloud Connection on AWS in January 2026. In December 2025, ITC Infotech received the PTC Partner Network Award for FY25 in the PLM Category, and PTC's Windchill+ was noted for powering HOLON's development of Level-4 Electric Vehicles. Despite these developments, PTC's shares declined by 5.3% over the 52 weeks leading up to January 8, 2026, and as of January 5, 2026, the share price was $173.11, a 6.34% decline from January 6, 2025. Analyst ratings in July and August 2025 included several "Buy" and "Overweight" recommendations.

PTC's business exhibits some seasonality, particularly concerning free cash flow generation, with approximately 60% of its free cash flow expected to be generated in the first half of the fiscal year, and the fourth quarter typically being the lowest for cash flow generation. Customers continue to prioritize R&D investments, which supports the demand for PTC's solutions, and the company benefits from a resilient subscription-based business model with a low churn rate. Analysts anticipate a deceleration in revenue growth over the next 12 months, suggesting potential demand challenges, but strategic product releases, especially those incorporating AI capabilities, and a robust pipeline for the latter half of the year are expected to drive customer adoption and expansion. The company also faces challenges in the demand environment, which can impact close rates and on-premises license revenue.

PTC Inc. is a global software and services company focused on digitally transforming engineering, manufacturing, and service processes for physical products. PTC operates in the Technology sector, specifically in the Software - Application industry, with a technology portfolio spanning CAD, PLM, IIoT, and AR markets. Major products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM, Kepware, Creo 3D, Onshape, Vuforia, and Arbortext.

PTC Inc. is headquartered in Boston, Massachusetts, U.S., and maintains a business presence across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The United States accounts for 73.47% of shareholders, followed by the United Kingdom (12.03%), Switzerland (3.93%), Japan (1.78%), and Canada (1.6%).

In the past year, PTC has maintained a strong brand reputation, consistently recognized as a leader in its technology categories. PTC is ranked as a leader in PLM, CAD, SLM, IoT, and AR by respected analyst firms. Its Windchill and Arena products received high scores in the 2024 Enterprise PLM for Large Manufacturing assessment, with PTC earning the #1 vendor score. Creo was recognized for top scores in the Innovation category in a 2023 CAD report, and Onshape was named an Industrial Software Corporate Leader by McRock Capital. PTC was also ranked #3 in the Boston Globe Top Places to Work and identified as a "Hot Company to Watch" by Nucleus Research. No significant negative events impacting PTC's brand reputation were found within the past year.

PTC Inc.'s ownership is predominantly held by institutional investors, who collectively own approximately 99.39% of the company's stock as of July 31, 2025, while individual insiders hold around 0.27%. Major institutional shareholders include T. Rowe Price Investment Management, Inc., Vanguard Group Inc., BlackRock, Inc., State Street Corp., Geode Capital Management LLC., Janus Henderson Group Plc., and Pictet Asset Management Holding SA. Blake D. Moret is noted as the largest individual shareholder, holding 20.53% of the company's shares.