PTC (PTC)
Market Price (4/11/2026): $133.54 | Market Cap: $15.9 BilSector: Information Technology | Industry: Application Software
PTC (PTC)
Market Price (4/11/2026): $133.54Market Cap: $15.9 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, FCF Yield is 5.6% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. | Weak multi-year price returns2Y Excs Rtn is -59%, 3Y Excs Rtn is -62% | Key risksPTC key risks include [1] competitive uncertainty and a potentially weakened market position following the divestiture of its Kepware and ThingWorx businesses, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, FCF Yield is 5.6% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -59%, 3Y Excs Rtn is -62% |
| Key risksPTC key risks include [1] competitive uncertainty and a potentially weakened market position following the divestiture of its Kepware and ThingWorx businesses, Show more. |
Qualitative Assessment
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1. Broader Software Sector Downturn Amidst AI Disruption Fears.
The first quarter of 2026 saw a significant market shift termed the "SaaSpocalypse," which negatively impacted high-growth technology and software valuations. Investors expressed concerns that new AI tools could disrupt traditional enterprise software business models, leading to a rotation away from technology stocks. For instance, the iShares Expanded Tech-Software Sector ETF (IGV) fell 16% in January 2026, and even Microsoft's stock declined 23.4% in Q1 2026.
2. Disappointing Fiscal Year 2026 Revenue Guidance.
Despite PTC comfortably beating analyst expectations for its first fiscal quarter of 2026 (ended December 31, 2025) with non-GAAP EPS of $1.92 (20.75% beat) and revenue of $685.8 million (6.6% beat), the company's full-year fiscal 2026 revenue guidance fell short of consensus estimates. PTC projected revenues in the range of $2.68 billion to $2.94 billion, compared to an analyst consensus of $2.89 billion at the midpoint, which contributed to an initial 2% stock decline in after-hours trading.
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Stock Movement Drivers
Fundamental Drivers
The -23.4% change in PTC stock from 12/31/2025 to 4/10/2026 was primarily driven by a -31.5% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 174.21 | 133.44 | -23.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,739 | 2,860 | 4.4% |
| Net Income Margin (%) | 26.8% | 28.6% | 6.8% |
| P/E Multiple | 28.4 | 19.5 | -31.5% |
| Shares Outstanding (Mil) | 120 | 119 | 0.3% |
| Cumulative Contribution | -23.4% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| PTC | -23.4% | |
| Market (SPY) | -5.4% | 32.3% |
| Sector (XLK) | -0.9% | 30.5% |
Fundamental Drivers
The -34.3% change in PTC stock from 9/30/2025 to 4/10/2026 was primarily driven by a -59.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 203.02 | 133.44 | -34.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,472 | 2,860 | 15.7% |
| Net Income Margin (%) | 20.7% | 28.6% | 37.9% |
| P/E Multiple | 47.5 | 19.5 | -59.0% |
| Shares Outstanding (Mil) | 120 | 119 | 0.5% |
| Cumulative Contribution | -34.3% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| PTC | -34.3% | |
| Market (SPY) | -2.9% | 41.2% |
| Sector (XLK) | 1.4% | 36.8% |
Fundamental Drivers
The -13.9% change in PTC stock from 3/31/2025 to 4/10/2026 was primarily driven by a -59.0% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 154.95 | 133.44 | -13.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,313 | 2,860 | 23.6% |
| Net Income Margin (%) | 17.0% | 28.6% | 68.8% |
| P/E Multiple | 47.5 | 19.5 | -59.0% |
| Shares Outstanding (Mil) | 120 | 119 | 0.8% |
| Cumulative Contribution | -13.9% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| PTC | -13.9% | |
| Market (SPY) | 16.3% | 53.5% |
| Sector (XLK) | 38.8% | 49.8% |
Fundamental Drivers
The 4.1% change in PTC stock from 3/31/2023 to 4/10/2026 was primarily driven by a 62.4% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 128.23 | 133.44 | 4.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,942 | 2,860 | 47.3% |
| Net Income Margin (%) | 17.6% | 28.6% | 62.4% |
| P/E Multiple | 44.2 | 19.5 | -55.9% |
| Shares Outstanding (Mil) | 118 | 119 | -1.3% |
| Cumulative Contribution | 4.1% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| PTC | 4.1% | |
| Market (SPY) | 63.3% | 56.0% |
| Sector (XLK) | 92.6% | 51.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PTC Return | 1% | -1% | 46% | 5% | -5% | -20% | 16% |
| Peers Return | 28% | -21% | 39% | 24% | 6% | -19% | 49% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| PTC Win Rate | 58% | 42% | 67% | 67% | 42% | 25% | |
| Peers Win Rate | 60% | 33% | 63% | 63% | 52% | 25% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| PTC Max Drawdown | -11% | -19% | -2% | -6% | -26% | -21% | |
| Peers Max Drawdown | -11% | -34% | -5% | -9% | -22% | -22% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, TRMB, SNPS, CDNS, ORCL. See PTC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | PTC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -36.1% | -25.4% |
| % Gain to Breakeven | 56.4% | 34.1% |
| Time to Breakeven | 566 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.3% | -33.9% |
| % Gain to Breakeven | 82.9% | 51.3% |
| Time to Breakeven | 151 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.9% | -19.8% |
| % Gain to Breakeven | 69.3% | 24.7% |
| Time to Breakeven | 416 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -66.9% | -56.8% |
| % Gain to Breakeven | 201.9% | 131.3% |
| Time to Breakeven | 603 days | 1,480 days |
Compare to ADSK, TRMB, SNPS, CDNS, ORCL
In The Past
PTC's stock fell -36.1% during the 2022 Inflation Shock from a high on 7/23/2021. A -36.1% loss requires a 56.4% gain to breakeven.
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About PTC (PTC)
AI Analysis | Feedback
Here are a few brief analogies to describe PTC:
- It's like a **Dassault Systèmes** (the company behind SOLIDWORKS and CATIA) but with a strong emphasis on integrating the Internet of Things (IoT) and Augmented Reality into industrial product design and lifecycle management.
- Think of it as **Salesforce** for the world of manufacturing and physical products, providing cloud software to help companies design, build, and manage everything from concept to end-of-life, powered by IoT and AR technologies.
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- ThingWorx platform: A platform that enables enterprises to digitally transform their business with innovative, simple, and scalable solutions.
- Vuforia: Software that enables the visualization of digital information in a physical context and the creation of augmented reality experiences.
- Onshape: A software-as-a-service product development platform that combines computer-aided design with data management, collaboration tools, and real-time analytics.
- Arena: A PLM (Product Lifecycle Management) solution designed to enable product teams to collaborate virtually anytime and anywhere.
- Creo: A 3D CAD (Computer-Aided Design) technology that enables the digital design, testing, and modification of product models.
- Windchill: A comprehensive product lifecycle management (PLM) software.
- Integrity: An application lifecycle management (ALM) solution.
- Servigistics: A service parts management solution.
- Professional Services: Includes consulting, implementation, training, cloud, and license and support services for their software products.
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PTC Inc. sells its software and services primarily to other companies (B2B).
While PTC Inc. serves a broad range of enterprise customers across various industries, some of the types of companies that utilize PTC's solutions (such as CAD, PLM, IoT, and AR) include:
- Manufacturing (e.g., automotive, aerospace, industrial equipment, electronics)
- High-tech
- Life Sciences
Specific major customers are not typically disclosed publicly unless they represent a significant portion of revenue. However, companies that have been publicly identified as users of PTC's products or partners in their ecosystem include:
- Caterpillar Inc. (NYSE: CAT)
- Rockwell Automation, Inc. (NYSE: ROK)
- Volvo Group (STO: VOLV-B)
- Whirlpool Corporation (NYSE: WHR)
- Lockheed Martin Corporation (NYSE: LMT)
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- Microsoft (MSFT)
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Neil Barua, President and Chief Executive Officer
Neil Barua became President and Chief Executive Officer of PTC on February 14, 2024. Prior to this role, he served as CEO of ServiceMax, a company acquired by PTC in January 2023. Mr. Barua also has experience as an operating partner at Silver Lake, a technology investment firm, and was CEO of IPC Systems, a global provider of technology solutions for the financial services sector. He also served as an Operating Partner at Francisco Partners. He earned his Bachelor of Science in finance and economics from NYU Stern.
Jennifer DiRico, Executive Vice President and Chief Financial Officer
Jennifer DiRico assumed the role of Executive Vice President and Chief Financial Officer for PTC, effective January 1, 2026. Before joining PTC, she was the CFO of Commvault Systems, Inc. Ms. DiRico also spent nearly a decade at Toast, where she held senior finance and operations leadership positions, including Senior Vice President & General Manager, International, and Senior Vice President & Head of Finance, and played a key role in Toast's IPO and global expansion. Her earlier career includes finance roles at Nuance Communications and Passkey International. She holds an MBA from Simmons College and a Bachelor of Business Administration from the University of Miami.
Lisa Reilly, Executive Vice President and Chief People Officer
Lisa Reilly leads PTC's global People organization. She brings nearly 30 years of HR leadership experience from the technology, telecommunications, and consulting industries. Ms. Reilly joined PTC in June 2020 as Senior Vice President, Global HR Business Partners.
Jon Stevenson, Executive Vice President and Chief Product Officer
Jon Stevenson serves as PTC's Executive Vice President and Chief Product Officer.
Aaron von Staats, Executive Vice President and General Counsel & Corporate Secretary
Aaron von Staats is responsible for managing PTC's worldwide legal, compliance, and cyber risk management functions. His areas of responsibility encompass corporate governance, SEC reporting and compliance, mergers and acquisitions, intellectual property, technology licensing, litigation, employment law, and overseeing compliance programs related to anti-corruption, export compliance, insider trading, and data privacy.
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The key risks to PTC Inc.'s business are as follows:Competition and Market Risks
PTC Inc. operates in rapidly changing and intensely competitive markets, which poses a significant risk to its profitability and market share. The increasing demand for Software-as-a-Service (SaaS) solutions means PTC must effectively compete with numerous providers to attract and retain customers.
Cybersecurity Risks
As a software and services company, PTC Inc. faces a heightened risk of cyberattacks. Such attacks could compromise the integrity of its products and systems, damage its reputation, and result in substantial costs and liabilities.
AI Technology Risks
The growing integration of Artificial Intelligence (AI) into PTC's products and internal processes introduces significant challenges. These risks include potential difficulties in successful AI integration, ensuring customer satisfaction with AI benefits, and keeping pace with competitors' advancements in AI. Additionally, AI-based solutions could produce inaccurate results or unintended consequences, potentially leading to legal liabilities and reputational harm.
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PTC Inc. operates in several significant addressable markets for its main software products and services. The market sizes for these key offerings are as follows:
- ThingWorx Platform (IoT Platform): The global IoT platform market size was valued at USD 16.11 billion in 2025 and is predicted to increase to approximately USD 49.17 billion by 2034, expanding at a Compound Annual Growth Rate (CAGR) of 13.20% from 2025 to 2034. Another estimate indicates the global IoT cloud platform market size was valued at USD 22.04 billion in 2025 and is projected to reach USD 132.98 billion by 2034, exhibiting a CAGR of 21.90% during the forecast period.
- Vuforia (Augmented Reality - AR): The global augmented reality (AR) market size was USD 149.57 billion in 2025 and is expected to reach around USD 2,804.82 billion by 2034, expanding at a CAGR of 38.5% from 2025 to 2034.
- Onshape and Creo (3D CAD Technology): The global 3D CAD software market size was valued at USD 13.2 billion in 2025. Looking forward, the market is estimated to reach USD 20.5 billion by 2034, exhibiting a CAGR of 5.00% during 2026-2034.
- Arena and Windchill (Product Lifecycle Management - PLM Software): The global product lifecycle management (PLM) software market size was valued at USD 30.04 billion in 2025. Looking forward, the market is estimated to reach USD 49.29 billion by 2034, exhibiting a CAGR of 5.65% from 2026-2034. Another report indicates the global Product Lifecycle Management Market size was valued at USD 73.81 billion in 2024 and is poised to grow to USD 145.11 billion by 2033, growing at a CAGR of 7.8% during the forecast period (2026–2033).
- Integrity (Application Lifecycle Management - ALM Solution): The global application lifecycle management (ALM) market size is valued at USD 4.71 billion in 2025 and is predicted to increase to approximately USD 11.62 billion by 2034, expanding at a CAGR of 10.56% from 2025 to 2034.
- Servigistics (Service Parts Management Solution): The global spare parts management market is projected to grow from about USD 1,021.3 million in 2025 to USD 1,820.2 million by 2030, at a CAGR of 12.3%.
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Expected Drivers of Future Revenue Growth for PTC
Over the next 2-3 years, PTC's revenue growth is anticipated to be driven by several key factors:- Increased SaaS Adoption and Cloud Transformation: PTC is seeing significant momentum in its cloud-native and Software-as-a-Service (SaaS) offerings, including Onshape, Windchill+, and Creo+. Onshape, a cloud-native CAD and PDM platform, has demonstrated robust growth with a 23% increase last year and a growing user base, projected to reach $160 million in revenue in 2025. The broader industry shift toward cloud-based Product Lifecycle Management (PLM) is a major catalyst, with SaaS PLM expected to continue its growth trajectory. This migration to SaaS solutions can lead to a substantial uplift in Annual Recurring Revenue (ARR) for customers.
- Integration and Expansion of Artificial Intelligence (AI) Capabilities: PTC is strategically embedding AI across its product portfolio to enhance functionality and customer value. This includes "Windchill AI" for digital thread solutions, aimed at strengthening PTC's value proposition through predictive analytics and smarter design workflows. Onshape features an AI Advisor directly in the design environment for real-time guidance and productivity enhancements, with future plans for automated geometry creation and intelligent design optimization. Creo 12 incorporates AI-driven generative design for earlier product optimization and reduced development time. Additionally, Servigistics benefits from expanded AI capabilities for troubleshooting, root-cause analysis, and an AI Assistant to improve forecast accuracy in service supply chain management.
- Strategic Focus on Core Product Lifecycle Management (PLM), Computer-Aided Design (CAD), Application Lifecycle Management (ALM), and Service Lifecycle Management (SLM) Solutions: Following the divestiture of its Kepware and ThingWorx Internet of Things (IoT) businesses, PTC is sharpening its focus on its core "Intelligent Product Lifecycle" vision. This realignment emphasizes leadership in CAD, PLM, ALM, and SLM solutions. The company's go-to-market transformation is also contributing to higher seller productivity, leading to more large, strategic deals and competitive displacements, which are driving strong demand capture.
- Sustained Demand for Key Product Offerings: Core platforms like Onshape, Windchill, and Servigistics continue to exhibit strong performance and market leadership. Onshape's continuous innovation, including new features and a collaboration with Amazon Web Services (AWS) to advance its capabilities and customer adoption, is a significant driver. Windchill is solidifying its position as a leading PLM platform, driven by technological innovation and the demand for connected, cloud-based PLM solutions. Servigistics is recognized as a leader in service parts management, securing large contracts, such as the multi-year agreement with the US Air Force, and is crucial for optimizing after-sales service supply chains.
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Share Repurchases
- PTC authorized a new $2 billion share repurchase program through September 30, 2027, announced in November 2024.
- The company plans to repurchase approximately $300 million of common stock in fiscal year 2025.
- PTC aims to return approximately 50% of its free cash flow to shareholders via share repurchases over the long term.
Share Issuance
- Stock-based compensation expenses were approximately $216.2 million over the trailing twelve months as of November 2025.
- The fully diluted share count is expected to remain approximately flat in fiscal year 2025, indicating repurchases are largely offsetting share issuance.
Outbound Investments
- PTC acquired ServiceMax for $1.46 billion in November 2022.
- Significant acquisitions also include Intland for $280 million in April 2022, IncQuery Group in April 2025, and Arena Solutions for $715 million in December 2020.
- In November 2025, PTC announced an agreement to divest its Kepware industrial connectivity and ThingWorx Internet of Things (IoT) businesses to TPG, to sharpen its focus on core CAD, PLM, ALM, and SLM offerings.
Capital Expenditures
- Annual capital expenditures were $31 million in 2025, $26 million in 2024, and $25 million in 2023.
- Expected capital expenditures for fiscal year 2026 are approximately $30 million.
- Approximately $20 million of the fiscal year 2026 capital expenditures are allocated for a one-time relocation of a major R&D center.
Latest Trefis Analyses
Trade Ideas
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| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 178.27 |
| Mkt Cap | 59.3 |
| Rev LTM | 6,251 |
| Op Inc LTM | 1,377 |
| FCF LTM | 1,238 |
| FCF 3Y Avg | 1,038 |
| CFO LTM | 2,086 |
| CFO 3Y Avg | 1,618 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.2% |
| Rev Chg 3Y Avg | 13.5% |
| Rev Chg Q | 20.4% |
| QoQ Delta Rev Chg LTM | 4.5% |
| Op Mgn LTM | 28.0% |
| Op Mgn 3Y Avg | 25.5% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 32.0% |
| CFO/Rev 3Y Avg | 29.5% |
| FCF/Rev LTM | 29.2% |
| FCF/Rev 3Y Avg | 25.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 59.3 |
| P/S | 6.3 |
| P/EBIT | 26.9 |
| P/E | 38.8 |
| P/CFO | 24.7 |
| Total Yield | 2.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.4% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.5% |
| 3M Rtn | -21.5% |
| 6M Rtn | -23.4% |
| 12M Rtn | 0.5% |
| 3Y Rtn | 17.3% |
| 1M Excs Rtn | -12.1% |
| 3M Excs Rtn | -20.6% |
| 6M Excs Rtn | -27.9% |
| 12M Excs Rtn | -29.2% |
| 3Y Excs Rtn | -49.7% |
Comparison Analyses
Price Behavior
| Market Price | $133.44 | |
| Market Cap ($ Bil) | 15.9 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -38.4% | |
| 50 Days | 200 Days | |
| DMA Price | $152.20 | $181.23 |
| DMA Trend | down | down |
| Distance from DMA | -12.3% | -26.4% |
| 3M | 1YR | |
| Volatility | 33.1% | 32.9% |
| Downside Capture | 0.96 | 0.70 |
| Upside Capture | 92.48 | 87.34 |
| Correlation (SPY) | 29.3% | 41.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.21 | 0.63 | 0.78 | 0.91 | 0.98 | 0.99 |
| Up Beta | -0.25 | -0.14 | 0.48 | 0.74 | 0.96 | 0.95 |
| Down Beta | -0.33 | 0.15 | 0.23 | 0.72 | 0.98 | 0.99 |
| Up Capture | 5% | 97% | 74% | 53% | 80% | 81% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 23 | 29 | 60 | 131 | 397 |
| Down Capture | 81% | 94% | 137% | 133% | 108% | 102% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 19 | 34 | 66 | 120 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTC | |
|---|---|---|---|---|
| PTC | -3.3% | 34.3% | -0.05 | - |
| Sector ETF (XLK) | 59.7% | 25.3% | 1.80 | 45.7% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 49.3% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | -7.3% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 1.3% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 31.3% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 23.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTC | |
|---|---|---|---|---|
| PTC | -2.0% | 30.3% | -0.03 | - |
| Sector ETF (XLK) | 16.5% | 24.7% | 0.60 | 58.0% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 60.4% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 3.7% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 11.9% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 43.3% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 26.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTC | |
|---|---|---|---|---|
| PTC | 14.9% | 32.8% | 0.50 | - |
| Sector ETF (XLK) | 21.7% | 24.3% | 0.82 | 60.5% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 61.0% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 3.3% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 20.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 42.5% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 15.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/4/2026 | 1.7% | 2.8% | 7.5% |
| 11/5/2025 | -8.4% | -6.2% | -8.2% |
| 7/30/2025 | 6.1% | 6.5% | 6.2% |
| 2/5/2025 | -9.6% | -12.2% | -14.3% |
| 11/6/2024 | -4.0% | -2.3% | 1.5% |
| 7/31/2024 | -1.1% | -6.0% | -0.4% |
| 5/1/2024 | -2.5% | 1.9% | 0.7% |
| 1/31/2024 | -0.7% | -0.2% | 3.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 14 |
| # Negative | 13 | 11 | 9 |
| Median Positive | 6.3% | 5.1% | 8.3% |
| Median Negative | -4.0% | -6.0% | -9.6% |
| Max Positive | 17.2% | 20.9% | 31.7% |
| Max Negative | -10.0% | -12.2% | -14.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/21/2025 | 10-K |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/14/2024 | 10-K |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/20/2023 | 10-K |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/15/2022 | 10-K |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 710.00 Mil | 740.00 Mil | 770.00 Mil | 17.5% | Higher New | Actual: 630.00 Mil for Q1 2026 | |
| Q2 2026 Operating Cash Flow | 315.00 Mil | 317.50 Mil | 320.00 Mil | 16.5% | Higher New | Actual: 272.50 Mil for Q1 2026 | |
| Q2 2026 Free Cash Flow | 310.00 Mil | 312.50 Mil | 315.00 Mil | 16.8% | Higher New | Actual: 267.50 Mil for Q1 2026 | |
| Q2 2026 EPS | 1.25 | 1.56 | 1.87 | 52.9% | Higher New | Actual: 1.02 for Q1 2026 | |
| Q2 2026 Non-GAAP EPS | 1.93 | 2.23 | 2.54 | 45.1% | Higher New | Actual: 1.54 for Q1 2026 | |
| 2026 Revenue | 2.67 Bil | 2.81 Bil | 2.94 Bil | 0.9% | Raised | Guidance: 2.78 Bil for 2026 | |
| 2026 Operating Cash Flow | 1.03 Bil | 0 | Affirmed | Guidance: 1.03 Bil for 2026 | |||
| 2026 Free Cash Flow | 1.00 Bil | 0 | Affirmed | Guidance: 1.00 Bil for 2026 | |||
| 2026 EPS | 4.42 | 5.67 | 6.93 | 1.0% | Raised | Guidance: 5.62 for 2026 | |
| 2026 Non-GAAP EPS | 6.69 | 7.92 | 9.15 | 2.6% | Raised | Guidance: 7.72 for 2026 | |
Prior: Q4 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Constant currency ARR (including Kepware and ThingWorx) | 0.08 | 0.08 | -2.9% | -0.2% | Lowered | Actual: 0.09 for Q4 2025 | |
| Q1 2026 Operating cash flow | 270.00 Mil | 272.50 Mil | 185.3% | Higher New | Actual: 95.50 Mil for Q4 2025 | ||
| Q1 2026 Free cash flow | 265.00 Mil | 267.50 Mil | 189.2% | Higher New | Actual: 92.50 Mil for Q4 2025 | ||
| Q1 2026 Revenue | 600.00 Mil | 630.00 Mil | -16.6% | Lower New | Actual: 755.00 Mil for Q4 2025 | ||
| Q1 2026 EPS | 0.73 | 1.02 | -43.3% | Lower New | Actual: 1.8 for Q4 2025 | ||
| Q1 2026 Non-GAAP EPS | 1.26 | 1.54 | -33.0% | Lower New | Actual: 2.3 for Q4 2025 | ||
| Q1 2026 Share Repurchases | 200.00 Mil | ||||||
| 2026 Constant currency ARR (including Kepware and ThingWorx) | 0.07 | 0.08 | -5.9% | -0.5% | Lower New | Actual: 0.09 for 2025 | |
| 2026 Operating cash flow | 1.03 Bil | 19.8% | Higher New | Actual: 860.00 Mil for 2025 | |||
| 2026 Free cash flow | 1.00 Bil | 17.6% | Higher New | Actual: 850.00 Mil for 2025 | |||
| 2026 Revenue | 2.65 Bil | 2.78 Bil | 7.0% | Higher New | Actual: 2.60 Bil for 2025 | ||
| 2026 EPS | 4.37 | 5.62 | 12.4% | Higher New | Actual: 5 for 2025 | ||
| 2026 Non-GAAP EPS | 6.49 | 7.72 | 13.0% | Higher New | Actual: 6.83 for 2025 | ||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Talvitie, Kristian | EVP, Chief Financial Officer | Direct | Sell | 12112025 | 173.14 | 50,291 | 8,707,634 | 2,144,574 | Form |
| 2 | Talvitie, Kristian | EVP, Chief Financial Officer | Direct | Sell | 12082025 | 173.34 | 2,320 | 402,160 | 11,270,018 | Form |
| 3 | Talvitie, Kristian | EVP, Chief Financial Officer | Direct | Sell | 12082025 | 174.71 | 2,338 | 408,461 | 10,950,013 | Form |
| 4 | Von, Staats Aaron C | EVP, Chief Legal Officer | Direct | Sell | 12082025 | 174.79 | 6,328 | 1,106,085 | 3,926,008 | Form |
| 5 | Christenson, Alice | Chief Accounting Officer | Direct | Sell | 11262025 | 173.52 | 1,323 | 229,567 | 209,439 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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