Gain detailed insights into the trading activity of Congress members for PTC on our government trades page. Stay updated on how elected officials are investing in PTC.

PTC - Government Trades

PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).

Earnings

News

Markets

Analyst Ratings

Tech

Trading Ideas

ANSS

DASTY

Autodesk, a renowned software company specializing in 3D design, engineering, and entertainment solutions, has seen its stock price climb 1.8% year to date, underperforming the broader market. This modest gain came amid a challenging macroeconomic environment, raising questions about the company&#39;s future trajectory and what investors can expect moving forward.

Autodesk Moves Up 1.8% YTD: What&#39;s Next for Investors?

Price Target

Small Cap

CORT

GNRC

MSTR

PYPL

ROKU

TENB

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page

Clorox To Rally Around 30%? Here Are 10 Top Analyst Forecasts For Thursday

Analyst Color

Upgrades

Shares of PTC Inc. (NASDAQ: PTC) were climbing in early trading on Monday, just weeks after the company acquired Pure-Systems.

PTC Analyst Turns Bullish, As Stock Trades At Discount To Peers

Equities

PTC Inc (NASDAQ: PTC) has acquired pure-systems, a provider of product and software variant management solutions.

Software Company PTC Acquires pure-systems To Bolster ALM Capabilities

Large Cap

Initiation

PTC Will Profit From ServiceMax Acquisition, Analyst Predicts

PTC&#39;s Recent Transparency &amp; Conservative Framework Change This Analyst&#39;s Tune To Positive Side

Downgrades

Movers

CHKP

CYBR

MLNK

VRNS

MeridianLink Downgraded Due to High Mortgage Exposure, Shares Fall

Several industrial stocks were on the move on Monday after one Wall Street analyst adjusted his coverage and named his top sector stock picks for 2023.

The Analyst: Bank of America analyst Andrew Obin has issued the following industrial stock ratings changes:

Analyst Downgrades Johnson Controls And 3 Other Industrial Stocks, Names Top Sector Picks For 2023

ALTR

DDOG

FSLY

FTNT

HUBS

INFA

MSFT

NABL

PING

PLTR

PWSC

QLYS

TWLO

XMTR

On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said. 

Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings. 

&#39;Investor Anxiety&#39; On Software Stocks Prevails, But This Analyst Sees Hope In A Few Stocks, With Questions Around Others -- Like Palantir

Insider Trades

General

ANET

CHWY

CVNA

NRDY

Last Christmas we highlighted an insider purchase by an independent director of Chewy and wrote the following about the company,

James Star Significantly Increases His Stake In Pet Products Focused Company Chewy (CHWY)

PTC Inc

PT CHANDRA ASRI U/ADR by PT Chandra Asri Pacific Tbk

PT Chandra Asri Pacific Tbk

PURETECH HEALTH PLC ORD by PureTech Health PLC

PureTech Health PLC

PetroGas Co

Petrocorp Inc

PTC Therapeutics Inc

PT WILMAR CAHAYA INDNSIA by PT Wilmar Cahaya Indonesia TBK

PT Wilmar Cahaya Indonesia Tbk

PARADE TECHS LTD SP/GDR by Parade Technologies Ltd.

Parade Technologies Ltd

WIIM

AZPN

GTLB

IREN

Shares of software companies may be trading lower amid a possible selloff following recent strength in the sector.

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has outperformed the market over the past 5 years by 2.32% on an annualized basis producing an average annual return of 15.48%. Currently, PTC has a market capitalization of $22.03 billion. 
Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 5 years ago, it would be worth $2,026.77 today based on a price of $183.97 for PTC at the time of writing.
<h3>PTC's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720107017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,000 Today

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has outperformed the market over the past 10 years by 5.68% on an annualized basis producing an average annual return of 16.47%. Currently, PTC has a market capitalization of $21.17 billion. 
Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 10 years ago, it would be worth $4,650.73 today based on a price of $176.83 for PTC at the time of writing.
<h3>PTC's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718980229_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,700 Today

PTC's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NYSE">PTC</a>) short percent of float has risen 31.58% since its last report. The company recently reported that it has 2.91 million shares sold short, which is 2.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PTC Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718383521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PTC has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PTC's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PTC's peer group average for short interest as a percentage of float is 3.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into PTC's Recent Short Interest

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has outperformed the market over the past 10 years by 5.85% on an annualized basis producing an average annual return of 16.38%. Currently, PTC has a market capitalization of $20.53 billion. 
Buying $100 In PTC: If an investor had bought $100 of PTC stock 10 years ago, it would be worth $451.47 today based on a price of $171.47 for PTC at the time of writing.
<h3>PTC's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717606820_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $500 Today

Ratings for PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $201.86, a high estimate of $216.00, and a low estimate of $187.00. Surpassing the previous average price target of $201.33, the current average has increased by 0.26%.
<img src="https://www.benzinga.com/files/images/story/2024/1717502444_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of PTC's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$190.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$187.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$200.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$216.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PTC. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of PTC compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of PTC's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into PTC's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PTC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PTC analyst ratings.</a>
<h2>All You Need to Know About PTC</h2>
PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).
<h3>PTC: Financial Performance Dissected</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: PTC's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 11.23%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: PTC's net margin is impressive, surpassing industry averages. With a net margin of 18.98%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): PTC's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.98%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): PTC's ROA excels beyond industry benchmarks, reaching 1.83%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.74, PTC faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating PTC: Insights From 7 Financial Analysts

Mizuho analyst Matthew Broome downgrades PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) from Buy to Neutral and lowers the price target from $200 to $190.

Mizuho Downgrades PTC to Neutral, Lowers Price Target to $190

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has outperformed the market over the past 10 years by 6.61% on an annualized basis producing an average annual return of 17.35%. Currently, PTC has a market capitalization of $22.12 billion. 
Buying $1000 In PTC: If an investor had bought $1000 of PTC stock 10 years ago, it would be worth $4,951.74 today based on a price of $184.70 for PTC at the time of writing.
<h3>PTC's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716219029_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning PTC Stock In The Last 10 Years

PTC's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NYSE">PTC</a>) short percent of float has fallen 12.68% since its last report. The company recently reported that it has 1.97 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PTC Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715954422_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PTC has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing PTC's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PTC's peer group average for short interest as a percentage of float is 3.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About PTC?

Citigroup analyst Tyler Radke maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Neutral and lowers the price target from $195 to $187.

Citigroup Maintains Neutral on PTC, Lowers Price Target to $187

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$850.00</td>
<td>$207.8K</td>
<td>6.9K</td>
<td>47.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$750.00</td>
<td>$28.3K</td>
<td>1.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$210.00</td>
<td>$71.9K</td>
<td>14.1K</td>
<td>4.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$143.00</td>
<td>$25.3K</td>
<td>985</td>
<td>3.0K</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$85.0K</td>
<td>5.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$400.00</td>
<td>$49.5K</td>
<td>5.1K</td>
<td>746</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$305.00</td>
<td>$25.7K</td>
<td>253</td>
<td>539</td>
</tr>
<tr>
<td>MAXN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.00</td>
<td>$43.2K</td>
<td>5.8K</td>
<td>537</td>
</tr>
<tr>
<td>TCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$30.00</td>
<td>$48.2K</td>
<td>415</td>
<td>505</td>
</tr>
<tr>
<td>PTC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$37.7K</td>
<td>469</td>
<td>448</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 149 contract(s) at a $850.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $207.8K, with a price of $1400.0 per contract. There were 6983 open contracts at this strike prior to today, and today 47001 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on May 3, 2024. Parties traded 25 contract(s) at a $750.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $1136.0 per contract. There were 1440 open contracts at this strike prior to today, and today 5382 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 106 day(s) on August 16, 2024. Parties traded 946 contract(s) at a $210.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $71.9K, with a price of $76.0 per contract. There were 14166 open contracts at this strike prior to today, and today 4598 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 8 day(s) on May 10, 2024. Parties traded 100 contract(s) at a $143.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $253.0 per contract. There were 985 open contracts at this strike prior to today, and today 3000 contract(s) were bought and sold. 
• For COHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on May 17, 2024. This event was a transfer of 1700 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $50.0 per contract. There were 5730 open contracts at this strike prior to today, and today 1700 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 78 day(s) on July 19, 2024. This event was a transfer of 30 contract(s) at a $400.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1650.0 per contract. There were 5144 open contracts at this strike prior to today, and today 746 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on May 3, 2024. This event was a transfer of 50 contract(s) at a $305.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 253 open contracts at this strike prior to today, and today 539 contract(s) were bought and sold. 
• Regarding MAXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>), we observe a put option sweep with bearish sentiment. It expires in 50 day(s) on June 21, 2024. Parties traded 393 contract(s) at a $3.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $110.0 per contract. There were 5894 open contracts at this strike prior to today, and today 537 contract(s) were bought and sold. 
• For TCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCX#NASDAQ">TCX</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on November 15, 2024. This event was a transfer of 505 contract(s) at a $30.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $110.0 per contract. There were 415 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold. 
• Regarding PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>), we observe a put option trade with bullish sentiment. It expires in 15 day(s) on May 17, 2024. Parties traded 58 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $650.0 per contract. There were 469 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

COHR

CRWD

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

NVDA

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $207.2, with a high estimate of $216.00 and a low estimate of $195.00. Marking an increase of 1.94%, the current average surpasses the previous average price target of $203.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1714658441_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive PTC. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$200.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$216.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to PTC. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of PTC compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for PTC's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into PTC's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PTC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PTC analyst ratings.</a>
<h2>All You Need to Know About PTC</h2>
PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).
<h3>PTC: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: PTC's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 18.09%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: PTC's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 12.07%, the company may face hurdles in effective cost management.
Return on Equity (ROE): PTC's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.42%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): PTC's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.06%, the company may face hurdles in achieving optimal financial performance.
Debt Management: PTC's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.87, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For PTC

Mizuho analyst Matthew Broome maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Buy and lowers the price target from $210 to $200.

Mizuho Maintains Buy on PTC, Lowers Price Target to $200

Baird analyst Joe Vruwink maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Outperform and raises the price target from $210 to $216.

Baird Maintains Outperform on PTC, Raises Price Target to $216

Fiscal 2024 and Q3'24 Guidance and Mid-Term Targets
"Our ARR and free cash flow results in Q2'24 were solid in a challenging selling environment, driven by the resilience of our subscription business model, consistent execution, operational discipline, and the actions we have taken over time to align our investments with market opportunities. We continue to rapidly de-lever, and our debt to EBITDA ratio was 2.3x at the end of Q2'24," said Kristian Talvitie, CFO.
"Reflecting our year-to-date performance and our outlook for the second half, we are narrowing the range of our FY'24 constant currency ARR guidance and maintaining our FY'24 free cash flow guidance. For Q3, the ARR guidance range is 11 to 12 percent growth, with free cash flow of approximately $220 million. It's worth noting that we are updating our FY'24 revenue and EPS guidance consistent with our updated ARR guidance range and also due to the impact of FX. We believe we have set our Q3'24 and FY'24 guidance appropriately," concluded Talvitie.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2">&nbsp; $ in millions</td>
<td colspan="1" rowspan="2">FY'24 Previous Guidance</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">FY'24 YoY Growth Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Constant currency ARR</td>
<td colspan="1" rowspan="1">$2,190 - $2,250</td>
<td colspan="1" rowspan="1">$2,200 - $2,240</td>
<td colspan="1" rowspan="1">11% - 13%</td>
<td colspan="1" rowspan="1">$2,115 - $2,130</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating cash flow</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~22%</td>
<td colspan="1" rowspan="1">~$225</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~23%</td>
<td colspan="1" rowspan="1">~$220</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$2,270 - $2,360</td>
<td colspan="1" rowspan="1">$2,270 - $2,340</td>
<td colspan="1" rowspan="1">8% - 12%</td>
<td colspan="1" rowspan="1">$525 - $540</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share</td>
<td colspan="1" rowspan="1">$2.42 - $3.32</td>
<td colspan="1" rowspan="1">$2.52 - $3.22</td>
<td colspan="1" rowspan="1">22% - 56%</td>
<td colspan="1" rowspan="1">$0.41 - $0.54</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP earnings per share</td>
<td colspan="1" rowspan="1">$4.50 - $5.20</td>
<td colspan="1" rowspan="1">$4.60 - $5.10</td>
<td colspan="1" rowspan="1">6% - 18%</td>
<td colspan="1" rowspan="1">$0.90 - $1.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Reconciliation of Operating Cash Flow Guidance to Free Cash Flow Guidance
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2">&nbsp; In millions</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; Operating Cash Flow</td>
<td colspan="1" rowspan="1">~$745</td>
<td colspan="1" rowspan="1">~$225</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital expenditures</td>
<td colspan="1" rowspan="1">(~$20)</td>
<td colspan="1" rowspan="1">(~$5)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; Free Cash Flow</td>
<td colspan="1" rowspan="1">~$725</td>
<td colspan="1" rowspan="1">~$220</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Reconciliation of EPS Guidance to Non-GAAP EPS Guidance
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="2"> &nbsp;</td>
<td colspan="1" rowspan="2">FY'24 Guidance</td>
<td colspan="1" rowspan="2">Q3'24 Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings per share</td>
<td colspan="1" rowspan="1">$2.52 - $3.22</td>
<td colspan="1" rowspan="1">$0.41 - $0.54</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Stock-based compensation expense</td>
<td colspan="1" rowspan="1">$1.91 - $1.66</td>
<td colspan="1" rowspan="1">$0.44 - $0.40</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Intangible asset amortization expense</td>
<td colspan="1" rowspan="1">~$0.68</td>
<td colspan="1" rowspan="1">~$0.17</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Acquisition and transaction-related expense</td>
<td colspan="1" rowspan="1">~$0.01</td>
<td colspan="1" rowspan="1">~$0.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income tax adjustments related to the reconciling items</td>
<td colspan="1" rowspan="1">($0.52) – ($0.47)</td>
<td colspan="1" rowspan="1">~($0.12)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Earnings per share</td>
<td colspan="1" rowspan="1">$4.60 - $5.10</td>
<td colspan="1" rowspan="1">$0.90 - $1.00</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Mid-Term Targets
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">FY'25 Previous Target</td>
<td colspan="1" rowspan="1">FY'26 Previous Target</td>
<td colspan="2" rowspan="1">Target Growth Rate</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Constant currency ARR growth</td>
<td colspan="1" rowspan="1">Mid-teens %</td>
<td colspan="1" rowspan="1">Mid-teens %</td>
<td colspan="2" rowspan="1">Low double-digit %</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp; $ in millions</td>
<td colspan="1" rowspan="1">FY'25 Previous Targets</td>
<td colspan="1" rowspan="1">FY'26 Previous Targets</td>
<td colspan="1" rowspan="1">FY'25 Targets</td>
<td colspan="1" rowspan="1">FY'26 Targets</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating cash flow</td>
<td colspan="1" rowspan="1">$850 - $900</td>
<td colspan="1" rowspan="1">~$1,025</td>
<td colspan="1" rowspan="1">$850 - $900</td>
<td colspan="1" rowspan="1">~$1,025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow1</td>
<td colspan="1" rowspan="1">$825 - $875</td>
<td colspan="1" rowspan="1">~$1,000</td>
<td colspan="1" rowspan="1">$825 - $875</td>
<td colspan="1" rowspan="1">~$1,000</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">1 Assumes capital expenditures of approximately $25 million.</td>
</tr>
</tbody>
</table>
</figure>
FY'24 financial guidance includes the following assumptions:
<ul>
<li>We provide ARR guidance on a constant currency basis, using our FY'24 Plan foreign exchange rates (rates as of September 30, 2023) for all periods. Foreign exchange rate fluctuations during the first half of FY'24 had a $14 million favorable impact on our Q2'24 reported ARR, compared to our Q2'24 constant currency ARR. Using foreign exchange rates as of the end of Q2'24 and assuming the midpoint of our constant currency guidance ranges:
<ul>
<li>Q3'24 reported ARR would be higher by approximately $14 million, compared to Q3'24 constant currency ARR guidance; and</li>
<li>FY'24 reported ARR would be higher by approximately $15 million, compared to FY'24 constant currency ARR guidance.</li>
</ul>
</li>
<li>We expect churn to remain low.</li>
<li>For cash flow, due to invoicing and payments seasonality, and consistent with the past 3 years, we expect the majority of our collections to occur in the first half of our fiscal year and for fiscal Q4 to be our lowest cash flow generation quarter.</li>
<li>Compared to FY'23, at the midpoint of FY'24 ARR guidance, FY'24 GAAP operating expenses are expected to increase approximately 6%, and FY'24 non-GAAP operating expenses are expected to increase approximately 8%, primarily due to investments to drive future growth, the acquisition of ServiceMax, and foreign exchange rate fluctuations.</li>
<li>FY'24 GAAP P&amp;L results are expected to include the items below, totaling approximately $285 million to $315 million, as well as their related tax effects:
<ul>
<li>approximately $200 million to $230 million of stock-based compensation expense,</li>
<li>approximately $81 million of intangible asset amortization expense,</li>
<li>approximately $2 million, net, related to acquisition and transaction-related expense and a restructuring credit, and</li>
<li>approximately $2 million of other non-operating expenses, related to an impairment loss on an available-for-sale debt security.</li>
</ul>
</li>
<li>Our FY'24 GAAP and non-GAAP tax rates are expected to be approximately 20%.</li>
<li>Cash tax payments are expected to be approximately $80 million in FY'24.</li>
<li>Capital expenditures are expected to be approximately $20 million in FY'24.</li>
<li>Cash interest payments are expected to be approximately $135 million in FY'24.</li>
<li>Our long-term goal, assuming our Debt/EBITDA ratio is below 3x, is to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities.
<ul>
<li>We expect to prioritize paying down our debt in FY'24.</li>
<li>We expect gross debt of approximately $1.7 billion at the end of FY'24.</li>
<li>We expect our fully diluted share count to increase by approximately 1.5 million in FY'24.</li>
</ul>
</li>
</ul>

Guidance

PTC Sees Q3 EPS $0.90-$1.00 Vs $1.21 Est.; Revenue $525M-$540M Vs $584.42M Est.; FY24 EPS $4.60-$5.10 Vs $4.94 Est.; Revenue $2.20B-$2.24B Vs $2.32B Est.

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.23 by 18.7 percent. This is a 25.86 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $603.00 million which beat the analyst consensus estimate of $576.50 million by 4.60 percent. This is a 11.22 percent increase over sales of $542.18 million the same period last year.

PTC Q2 Adj $1.46 Beats $1.23 Estimate, Sales $603.00M Beat $576.50M Estimate

PTC's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NYSE">PTC</a>) short percent of float has risen 32.91% since its last report. The company recently reported that it has 2.22 million shares sold short, which is 2.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PTC Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714572923_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PTC has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PTC's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PTC's peer group average for short interest as a percentage of float is 4.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) has outperformed the market over the past 10 years by 7.2% on an annualized basis producing an average annual return of 17.75%. Currently, PTC has a market capitalization of $21.51 billion. 
Buying $100 In PTC: If an investor had bought $100 of PTC stock 10 years ago, it would be worth $503.98 today based on a price of $179.92 for PTC at the time of writing.
<h3>PTC's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714489227_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In PTC 10 Years Ago Would Be Worth This Much Today

Rosenblatt analyst Blair Abernethy maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Buy and maintains $195 price target.

Rosenblatt Maintains Buy on PTC, Maintains $195 Price Target

Barclays analyst Saket Kalia maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Overweight and raises the price target from $198 to $215.

Barclays Maintains Overweight on PTC, Raises Price Target to $215

PTC, Procore Technologies downgraded on slowdown in construction, manufacturing verticals

VBK: No Edge Over Competitors, Except Fees And Liquidity

PTC (PTC – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Daniel Jester from BMO Capital ma...

PTC Poised for Robust FCF Growth and Expansion, Earning a Buy Rating

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The one thing with the robotics industry is it can only grow bigger. And with this growing trend, more investors are increasingly on the lookout for which robotics stocks to buy now.



More and more businesses across all manner of industries are turning to automated machines to accomplish tasks. That&rsquo;s because they want to get things done faster, cheaper and with fewer mistakes. Robots in factories, for example, can help manufacture more products for far less cost and with far fewer errors.



The global robotics market is <a href="https://blog.benchmarkcorporate.com/2024-robotics-industry-report">expected to reach</a> $169.8 billion between 2024 and 2032. This shows that more industries are deploying robots in their processes &mdash; as the world moves towards automation on a broader scale than ever before.



If you&rsquo;re looking to dip your toes in robotics stocks, you&rsquo;re definitely in the right direction. Here are three great picks to get you started.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>The need for immersive 3D, VR and augmented reality (AR) experiences will only increase, and there&rsquo;s a genuine demand for tools that deliver these experiences.&nbsp;



Computer software and services company PTC (NASDAQ:<a href="https://investorplace.com/2024/04/3-robotics-stocks-to-buy-now-q2-edition/">PTC</a>) is one of the leading companies in this niche and is a pioneer in forward-looking concepts such as computer-aided design (CAD). PTC&rsquo;s software-as-a-service platform also allows engineers and designers to develop and test products before they go into manufacturing.



PTC<a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Announces-Second-Fiscal-Quarter-2024-Results/default.aspx"> pulled in</a> $603 million in revenue &mdash; an 11.2% year-on-year bump in the second quarter, topping analyst predictions by 4.6%. Also, its earnings per share (EPS) came in at $0.95%, which was 28% above forecasts.



Investors will also be happy to know that PTC shares have a current consensus overweight rating, with 13 buy recommendations against three overweight and five hold recommendations, as<a href="https://www.marketwatch.com/investing/stock/ptc/analystestimates?mod=mw_quote_analyst"> compiled by MarketWatch</a>.&nbsp;



Things look bullish for PTC, and it&rsquo;s definitely a great robotics stock to buy now.



<h2>Deere &amp; Company (DE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/de-1600-300x169.png" alt="John Deere logo on a sign. John Deere is owned by Deere &amp; Company, or DE stock."><div>Source: JCLobo / Shutterstock</div></div>Deere &amp; Co (NYSE:<a href="https://investorplace.com/stock-quotes/de-stock-quote/">DE</a>) is one of the oldest companies in the U.S. and is a leader in agricultural and construction equipment manufacturing. In recent years, the company has been making a big push into robotics, such as with<a href="https://www.deere.com/en/news/all-news/2021aug5-bear-flag-robotics/"> its acquisition</a> of self-driving farm tractors maker Bear Flag Robotics.



Deere &amp; Co is already a mainstay stock &mdash; and its move towards robotics will only help it secure a bigger chunk of the market going forward.&nbsp;



And though the company delivered<a href="https://www.deere.com/en/news/all-news/fy24-first-quarter-earnings/#:~:text=Strong%20quarterly%20operating%20margins%20from,be%20%247.50%20to%20%247.75%20billion."> Q1 earnings</a> that were well above expectations, it gave a less-than-optimistic outlook for 2024, citing business sales not doing as well relative to the industry.



However, it pays to zoom out a bit for a company like Deere &amp; Co. DE stock is<a href="https://finance.yahoo.com/quote/DE/history?period1=1687063392&amp;period2=1718685792&amp;interval=1d&amp;filter=history&amp;frequency=1d&amp;includeAdjustedClose=true"> up 40%</a> from $270 in early 2021 to about $380 now. Also, most companies would rather underpromise and overdeliver than vice versa. With that in mind, DE is a good choice for a robotic stock to buy now.



<h2>SoftBank Group Corp (SFTBY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/softbank1600a-300x169.jpg" alt="Softbank (SFTBY) logo on a corporate building during the day time"><div>Source: Ned Snowman / Shutterstock.com</div></div>SoftBank Group (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sftby-stock-quote/">SFTBY</a>) is a Japanese holding company that invests in companies across robotics, AI and internet services. One of the company&rsquo;s most talked-about investments at the moment is software and robotics maker Symbotic (NASDAQ:<a href="https://investorplace.com/stock-quotes/sym-stock-quote/">SYM</a>).



Symbotic has had runway success selling AI-powered robotic warehouse management equipment to retail giants Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>), Target (NYSE:<a href="https://investorplace.com/stock-quotes/tgt-stock-quote/">TGT</a>) and Albertsons (NYSE:<a href="https://investorplace.com/stock-quotes/aci-stock-quote/">ACI</a>).&nbsp;



Now, SoftBank Robotics is partnering with Symbotic in a warehouse-as-a-service joint venture called GreenBox Systems. This service will automate the supply chain. GreenBox systems will make advanced warehouse robotics accessible to companies that can&rsquo;t afford to invest millions of dollars in the technology.&nbsp;



With a <a href="https://group.softbank/en/news/press/20230724">65% stake</a> in GreenBox, SoftBank is set to profit massively from the recurring revenues from the venture. That makes SoftBank one of the best robotics stocks to buy now.It&rsquo;s also a big deal that<a href="https://www.marketwatch.com/investing/stock/sftby/analystestimates?mod=mw_quote_analyst"> analyst sentiment</a> for SoftBank is overwhelmingly bullish. SoftBank stock has 12 buy ratings compared to two overweight and three hold ratings on Market Watch. That signals analysts&rsquo; confidence in the future of the company. If you are looking for robotics stocks to buy now, start here. 



On the date of publication, Hope Mutie did not have (either directly or indirectly) any positions in the stocks mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com&rsquo;s <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/#:~:text=InvestorPlace.com%20asks%20writers%20to,strive%20to%20link%20to%20it.">Publishing Guidelines</a>.
<div>Hope Mutie is a writer who&rsquo;s enthusiastic about finance and crypto. At InvestorPlace, she keeps her finger on the pulse of the stock and crypto markets to create insightful and info-rich content to help investors navigate the market with confidence.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-robotics-stocks-to-buy-now-june-2024/">3 Robotics Stocks to Buy Now: June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Robotics Stocks to Buy Now: June 2024

Goldman's top 50 high Sharpe Ratio stocks

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The Internet of Things (IoT) sector is rapidly expanding. This makes it a promising area for investors looking for potential &ldquo;rags to riches&rdquo; opportunities. Furthermore, the <a href="https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307">global IoT market</a> is poised to grow significantly. Projections suggest a jump from around $714 billion in 2024 to over $4 trillion by 2032. Moreover, this is driven by a robust compound annual growth rate (CAGR) of approximately 24.3%&#8203;&#8203;. This backdrop forms the basis of my list for IoT stocks to buy.



North America is leading in IoT adoption, driven by its infrastructure for cloud computing and the adoption of 5G technology. This region is experiencing advancements in IoT connectivity and platform solutions. Particularly, we are seeing this in healthcare and industrial sectors. These are two prime industrie that the IoT stocks target.&nbsp;



Europe and Asia-Pacific are also notable for their dynamic market activities. Europe is expected to soon surpass North America in terms of IoT market share. This is due to its aggressive adoption of connected healthcare solutions&#8203;.



So, with this thesis in mind, here are three IoT stocks that I think have a solid chance of making early investors rich.



<h2>Inseego (INSG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg" alt="5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade. 5G"><div>Source: Fit Ztudio / Shutterstock.com</div></div>Inseego (NASDAQ:<a href="https://investorplace.com/stock-quotes/insg-stock-quote/">INSG</a>) is a leader in 5G and intelligent IoT device-to-cloud solutions. The company enables broader 5G coverage, multi-gigabit data speeds, and low latency.



I think that INSG could be a great pick for investors due to several reasons.



In Q1 2024, Inseego <a href="https://inseego.com/company/press-releases/inseego-reports-first-quarter-2024-financial-results/">reported earnings per share</a> (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/">EPS</a>) of negative 44 cents, beating analysts&rsquo; estimates of negative 49 cents. The company achieved revenue of $45.01 million, surpassing the expected $41.40 million. This performance marks an 8.69% improvement over the consensus estimate.



Despite a GAAP net loss of $4.5 million, Inseego reported positive Adjusted EBITDA of $3.8 million, continuing a streak of positive Adjusted EBITDA for five consecutive quarters.



Inseego continues to strengthen its position in the technology industry through its advanced 5G solutions. The company&rsquo;s 5G Edge Cloud combines top-tier 5G technology with rich cloud networking features and intelligent edge applications.&nbsp;



Looking ahead, Inseego is focused on expanding its product offerings and enhancing its technological capabilities.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>PTC&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptc-stock-quote/">PTC</a>) product portfolio includes computer-aided design (CAD) software, product lifecycle management (PLM) tools, and Internet of Things (IoT) platforms.



In Q1 2024, PTC <a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Announces-First-Fiscal-Quarter-2024-Results/default.aspx">reported strong financial results</a>. The company achieved earnings per share of 70 cents, surpassing the analysts&rsquo; consensus estimate of 63 cents. PTC&rsquo;s revenue for the quarter was $550.21 million, exceeding the expected $538.59 million.&nbsp;



PTC&rsquo;s Annual Run Rate (ARR), a key performance metric, showed healthy growth, driven by increased subscription adoption and strong renewal rates. The company&rsquo;s adjusted EBITDA for the quarter was $214 million.



A notable highlight is PTC&rsquo;s success in transitioning customers to its subscription-based model, which provides recurring revenue and enhances customer retention. The company is also expanding its capabilities through strategic acquisitions and partnerships.



The company is well-positioned to capitalize on the ongoing digital transformation trends within the industrial sector, with IoT being a major growth tailwind. This makes it one of those stocks for investors to consider closely.



<h2>Tuya (TUYA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/iot1600d-min-300x169.jpg" alt="a cell phone with"><div>Source: Shutterstock</div></div>Tuya (NYSE:<a href="https://investorplace.com/stock-quotes/tuya-stock-quote/">TUYA</a>) is a leading global IoT cloud development platform. Tuya&rsquo;s strategic position in the IoT industry is bolstered by its robust platform that supports a wide range of smart devices. The company focuses on providing scalable and flexible solutions that allow its partners to bring smart products to market rapidly.



In Q1 2024, Tuya <a href="https://ir.tuya.com/financials/quarterly-results/default.aspx">reported an EPS of 2 cents</a>, meeting analyst expectations. The company generated revenue of $61.66 million, which was <a href="https://www.marketbeat.com/stocks/NYSE/TUYA/earnings/">lower than the anticipated</a> $64.80 million, marking a 4.84% shortfall compared to analyst estimates.&nbsp;



Despite this revenue miss, the company showed improvement in operational efficiency, with the loss from operations narrowing significantly compared to the previous year.&nbsp;



Looking ahead, Tuya aims to expand its market presence and enhance its technological capabilities. The company is investing in the development of new features and improvements to its platform, aiming to attract more partners and increase its market share in the growing IoT sector.



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/rags-to-riches-3-iot-stocks-that-could-make-early-investors-rich/">Rags to Riches: 3 IoT Stocks That Could Make Early Investors Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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The best robotics stocks to buy are those that will continue to attract investors who are trying to future-proof their portfolios. That&rsquo;s because the market <a href="https://www.mordorintelligence.com/industry-reports/robotics-market">could to grow 15.91%</a> from $45.85 billion in 2024 to $95.93 billion in 2029.



Moreover, the U.S. robotics industry could reach a valuation of <a href="https://www.statista.com/outlook/tmo/robotics/united-states">$7.85 billion</a> in 2024, the most internationally. Even better for robotics stocks, institutional investors feel safer about the industry due to President Biden&rsquo;s 2024 AI Executive Order., which aims to advance AI technology, ensuring its safety, security, and fairness



In industry developments, <a href="https://nvidianews.nvidia.com/news/robotics-industry-development-ai-autonomous-machines">the collaboration</a> between NVIDIA (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), BYD (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddf-stock-quote/">BYDDF</a>), and Teradyne (NASDAQ:<a href="https://investorplace.com/stock-quotes/ter-stock-quote/">TER</a>) robotics is improving robot technology. This breakthrough uses NVIDIA&rsquo;s Isaac robotics platform, which creates self-driving, cooperative robots with AI and modeling abilities.



Additionally, <a href="https://www.forbes.com/sites/richblake1/2023/11/24/rise-of-warehouse-robots-spurs-efficiencies-and-safety-concerns/">humanoid robots</a> improve healthcare and the workplace. Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and BMW (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/">BMWYY</a>) use these robots for dangerous or repetitive tasks to increase safety and efficiency. Plus, <a href="https://emag.directindustry.com/2024/03/13/how-industrial-exoskeletons-help-with-heavy-lifting-in-the-workplace/">industrial exoskeletons are expected</a> to grow sevenfold by 2030, helping workers avoid damage and exhaustion when moving heavy things or repeating activities.&#8203;



With so much industry activity and a <a href="https://www.solactive.com/wp-content/uploads/2024/04/Press-Release-Themes-ETFs-Launches-Robotics-Automation-ETF-Tracking-Solactive-Index.pdf">potential $65.59 billion market opportunity</a> on offer by 2028, the time is ripe for investors to consider robotics stocks to buy with strong ratings, upside potential, and robust financial performance.



<h2>Teradyne (TER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/teradyne-ter-1600-300x169.jpg" alt="Teradyne Silicon Valley office"><div>Source: Michael Vi / Shutterstock.com</div></div>Teradyne is a premier company for testing robots and industrial automation. Each of the last 12 quarters it made more money than forecast, and it&rsquo;s still growing its share of the industrial robots market.



Teradyne&rsquo;s <a href="https://investors.teradyne.com/news/teradyne-reports-first-quarter-2024-results/79a608d5-5db5-43cd-99a9-df20d4ace877">first-quarter 2024 earnings</a> were strong. Analysts anticipated $566.31 million, but it made $599.82 million. Additionally, its 51-cent earnings-per-share (EPS) exceeded the 33-cent projections. This came as a result of memory test revenue increases countering mobility sector weakness despite a modest year-over-year reduction.&#8203;



Teradyne <a href="https://investors.teradyne.com/news/teradyne-marks-8-000th-j750-semiconductor-test-system-shipment/26d5e92f-ddc0-472c-9066-1a902bb24470">has also shipped 8,000 J750-powered test devices</a>, a milestone that shows the company&rsquo;s semiconductor testing expertise and autonomous test capabilities. Teradyne raised its quarterly cash payout from 11 cents to 12 cents.



Meanwhile, Teradyne Robotics goods are getting AI through a relationship with NVIDIA. The agreement uses <a href="https://investors.teradyne.com/news/teradyne-robotics-to-bring-the-power-of-ai-to-robotics-with-nvidia/f89e3bc0-1345-4627-9349-569db0a6b88d">NVIDIA&rsquo;s Jetson AGX Orin module</a> for advanced AI applications to make Universal Robots and the MiR1200 Pallet Jack. When combined, this feature makes route planning and self-navigation easier in tough conditions.



In addition, Chief AI Officer James Davidson, who started in May, <a href="https://investors.teradyne.com/news/teradyne-robotics-welcomes-james-davidson-as-chief-ai-officer/47a6ac9d-8517-448f-a2f2-507541cbbaf4">is another change</a> at the top. His knowledge of AI and robotics could give the company&rsquo;s joint and separate mobile robot sections new ideas.



<h2>Symbotic (SYM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/stag-1600-warehouse-reit-300x169.jpg" alt="stocks to buy: warehouse interior with shelves, pallets and boxes D"><div>Source: Don Pablo / Shutterstock.com</div></div>Symbotic (NASDAQ:<a href="https://investorplace.com/stock-quotes/sym-stock-quote/">SYM</a>) provides warehouse automation. The company&rsquo;s AI-enabled supply line robot technology has grown revenue and added clients, resulting in three profit surprises ranging from 801% to 901% in the previous four quarters.



Recent Symbotic <a href="https://www.symbotic.com/about/news-events/news/symbotic-reports-second-quarter-fiscal-year-2024-results/">second-quarter fiscal 2024 results</a> showed $424.3 million in sales, above expert predictions of $412.9 million. However, it missed the projected five cents, its net loss per share was seven cents. Quarterly Symbotic adjusted EBITDA was $22 million.



Yet, Q2 earnings still surpassed analysts&rsquo; Symbotic predictions and ratings for the most part. The company&rsquo;s strong performance and future possibilities led KeyBanc Capital Markets analysts <a href="https://markets.businessinsider.com/news/stocks/symbotic-reports-q1-beat-analysts-boost-their-2024-estimates-strong-secular-growth-story-1033341270">to raise its fiscal 2024 profits prediction</a> from two cents to 40 cents. Then, due to revenue and gross margin growth, Needham analysts awarded it a buy rating.



Symbotic is constantly improving and <a href="https://www.marketbeat.com/stocks/NASDAQ/SYM/news/">expanding its products</a>, including the GreenBox joint effort and BreakPack solution, to sustain profits momentum. These fresh concepts boost the supply chain and help the organization reach more clients.



For its technology and growth, <a href="https://www.symbotic.com/about/news-events/news/symbotic-named-to-fast-companys-annual-list-of-the-worlds-most-innovative-companies-of-2024/">Fast Company named</a> Symbotic one of 2024&rsquo;s World&rsquo;s Most Innovative Companies. It highlights how essential the organization is in modernizing supply chain management using robots and AI.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>PTC (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptc-stock-quote/">PTC</a>), a leader in computer-aided design, makes software for realistic 3D, VR, and AR experiences; it boasts eight years of profitability, making it a good choice among robotics stocks to buy. In the second quarter of 2024, it beat the average estimate of 87 cents with an EPS of $1.10. Sales for the quarter were $603.07 million, exceeding expectations of $575.53 million.



Its <a href="https://www.gurufocus.com/stock/PTC/summary">ranking in the top 32%</a> of 2,279 companies shows that it has a competitive edge and is stable in an extremely competitive field, confirming its status among robotics stocks to buy; PTC has a consensus strong buy rating and a 12-month price target of about $191, which is 8% higher than its current price of $178.



PTC is a star in many areas of technology, and this is well known. The IIoT SPARK Matrix from Quadrant Knowledge Solutions <a href="https://www.ptc.com/en/blogs/iiot/ptc-named-outright-leader-by-quadrant-knowledge-solutions-spark-iiot-matrix-2023">says it has won first place five years in a row</a>. In their CAD Competitive Matrix Assessment, ABI Research <a href="https://www.ptc.com/en/blogs/cad/ptc-named-leader-by-abi-2023">also named it an</a> innovator.



Meanwhile, its tools, like Windchill and Codebeamer, <a href="https://www.ptc.com/en/news/2023/ptc-becomes-strategic-supplier-to-volkswagen-group-with-codebeamer-alm">are used</a> by large companies like Volkswagen Group (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) to improve their engineering and product lifecycle management.



But timing is key: PTC is on a robust rise, and first-quarter fiscal 2024 earnings have made the company more expensive than 70% of the industry, so buyers must wait for a decent opportunity.



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-robotics-stocks-that-could-make-your-grandchildren-rich/">3 Robotics Stocks That Could Make Your Grandchildren Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Robotics Stocks That Could Make Your Grandchildren Rich

Robotics is driving innovation and efficiency in an increasingly automated world, making it a promising investment opportunity. Hence, it could be wise to watch fundamentally strong stocks like Medtronic (MDT), PTC (PTC), and UiPath (PATH). Read on... Automation is rapidly advancing, reshaping industries and consumer preferences with key trends such as robotics and AI, driving innovation and efficiency across various industries into 2024 and beyond. Amid this backdrop, investors could consider keeping an eye on fundamentally strong robotics stocks such as Medtronic plc (<a href="https://stocknews.com/stock/MDT/">MDT</a>), PTC Inc. (<a href="https://stocknews.com/stock/PTC/">PTC</a>), and UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>), in this increasingly automated world.
Industrial automation, boosted by AI, is growing like never before in sectors such as the medical, tech, and software sectors. Industrial robotics had record shipments last year. This year, AI advancements are expected to enhance robot capabilities and sales, driving industry efficiency. The global robotics technology market is projected to grow at a <a href="https://www.precedenceresearch.com/robotics-technology-market">CAGR of 14.7%</a> to surpass $283.19 billion by 2032.
Medical robotics improve surgical precision and patient outcomes. Trends like robotic-assisted surgery and device-based therapies boost industry prospects. Notably, in 2024, the global medical service robotics market generated $11.2 billion, with forecasts for the market reaching nearly <a href="https://www.statista.com/forecasts/1321270/worldwide-medical-robotics-market-size#:~:text=In%202024%2C%20the%20global%20medical,billion%20U.S.%20dollars%20by%202028.">$21 billion by 2028</a>.
Moreover, labor shortages and rising costs are driving demand for robots in the software industry. Robotics are evolving with better intelligence, adaptability, and decision-making. The software sector's growth highlights its key role in expanding robotic applications across industries. The robot software market is projected to reach <a href="https://www.mordorintelligence.com/industry-reports/robot-software-market">$53 billion by 2029</a>, with a 21.62% CAGR.
Considering these trends, let's assess the fundamentals of the abovementioned stocks.
Medtronic plc (<a href="https://stocknews.com/stock/MDT/">MDT</a>)
Headquartered in Dublin, Ireland, Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiovascular Portfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and The Diabetes Operating Unit segment.
On June 21, 2024, MDT announced that its MiniMed 780G system effectively addresses persistent blood sugar challenges in people with type 1 diabetes. The system's advanced algorithm significantly reduces early morning hyperglycemia (dawn phenomenon) and improves overnight sleep, demonstrating its ability to enhance diabetes management and quality of life.
On May 17, 2024, MDT announced positive results for its Affera Mapping and Ablation System with Sphere-9 Catheter. The system achieved strong safety and efficacy endpoints in treating persistent atrial fibrillation, demonstrating significant advancements in treatment efficiency and patient quality of life at the Heart Rhythm Society's 2024 Annual Meeting.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, MDT's 16.86% is significantly higher than the 1.31% industry average. Its 27.98% trailing-12-month net income margin is 356.6% higher than the 6.13% industry average. Likewise, the stock's 19.80% trailing-12-month EBIT margin is 950.9% higher than the 1.88% industry average.
MDT's net sales for its fourth quarter ended April 26, 2024, increased marginally from the prior-year period to $8.59 billion. The company's non-GAAP operating profit came in at $2.31 billion.
Its non-GAAP net income and non-GAAP EPS amounted to $1.93 billion and $1.46, respectively. Moreover, MDT's total assets as of April 26, 2024, were $21.94 billion, compared to $21.68 billion as of April 28, 2023.
Street expects MDT's revenue for the quarter ending July 31, 2024, to increase 2.5% year-over-year to $7.90 billion. Its EPS for the quarter ending October 31, 2024, is expected to grow marginally year-over-year to $1.26. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 1.1% to close the last trading session at $77.06.
MDT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #14 out of 133 stocks in the <a href="https://stocknews.com/category/medical-devices-equipment/">Medical - Devices &amp; Equipment</a> industry. It has a B grade for Value and Stability. <a href="https://stocknews.com/stock/MDT/">Click here</a> to see MDT's Growth, Momentum, Sentiment, and Quality ratings.
PTC Inc. (<a href="https://stocknews.com/stock/PTC/">PTC</a>)
PTC operates as a software company in the Americas, Europe, and the Asia Pacific. The company provides software solutions such as Windchill, ThingWorx, ServiceMax, and Arena.
In terms of the trailing-12-month Return on Total Assets, PTC's 4.64% is 157.8% higher than the 1.80% industry average. Likewise, its 79.85% trailing-12-month gross profit margin is 62.7% higher than the 49.09% industry average. Furthermore, its 27.09% trailing-12-month EBITDA margin is 174.5% higher than the 9.87% industry average.
PTC's revenue for the fiscal second quarter that ended March 31, 2024, grew 11.2% year-over-year to $603.07 million. Its free cash flow rose 19.3% from the year-ago quarter to $247.09 million. PTC's non-GAAP net income and non-GAAP earnings per share stood at $176.35 million and $1.46, up 28% and 25.9% over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, PTC's EPS and revenue are expected to increase 14.9% and 13% year-over-year to $1.38 and $617.57 million, respectively. PTC surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 27% to close the last trading session at $176.69.
PTC's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry, it is ranked #30 out of 135 stocks. To access the additional POWR Ratings of PTC for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/PTC/">click here</a>.
UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>)
PATH provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily for international markets. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within organizations.
On July 2, 2024, PATH announced new platform features, including UiPath Autopilot and GenAI, to enhance automation capabilities. These innovations, showcased at UiPath on Tour London, aim to accelerate development and improve outcomes with AI integration.
On May 21, 2024, PATH announced an integration with Microsoft Copilot for Microsoft 365, allowing joint customers to automate knowledge work and enhance user experiences directly within Microsoft Teams. This integration aims to boost productivity by leveraging PATH's AI-powered automation capabilities.
In terms of the trailing-12-month levered FCF margin, PATH's 30.36% is 208% higher than the 9.86% industry average. Similarly, its 84.74% trailing-12-month gross profit margin is 72.6% higher than the industry average of 49.09%.
PATH's total revenue for the first quarter that ended January 31, 2024, increased 15.7% year-over-year to $335.11 million. Its non-GAAP gross profit rose 13.7% over the prior-year quarter to $288.21 million. Moreover, its non-GAAP net income and net income per share stood at $73.22 million and $0.13, up 17.8% and 18.2% from the prior-year quarter, respectively.
Analysts expect PATH's revenue for the quarter ending July 31, 2024, to increase 5.7% year-over-year to $303.67 million. Its EPS for fiscal 2026 is expected to rise 18.7% year-over-year to $0.45. It surpassed the revenue estimates in each of the trailing four quarters. Over the past month, the stock has gained marginally to close the last trading session at $12.09.
PATH's POWR Ratings reflect this positive outlook. It has a B grade for Growth and Quality. Within the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry, it is ranked #9 out of 19 stocks. To see PATH's Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/PATH/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
MDT shares were trading at $78.10 per share on Thursday afternoon, up $1.04 (+1.35%). Year-to-date, MDT has declined -3.57%, versus a 17.73% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/mdt-ptc-path-3-robotics-stocks-to-watch-in-an-automated-world/>3 Robotics Stocks to Watch in an Automated World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Robotics Stocks to Watch in an Automated World

PTC: A Bullish Bet With ServiceMax Integration Boost

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