PTC IncNasdaq: PTC
Information Technology · Application Software
$136.44
+0.10%
Vol: 833K
Research Digest
Friday, May 1, 2026
PTC completes ThingWorx/Kepware divestiture for $523M; Q2 FY26 earnings due May 6
PTC Inc. completed divestiture of Kepware and ThingWorx IoT businesses to TPG for $523M gross proceeds, refocusing on core CAD/PLM. Company launched Windchill AI Assistant enabling natural language search through product documentation. Stifel reiterated Buy rating and $180 PT post-divestiture, highlighting $375M accelerated share repurchase program. Analyst consensus Buy with 12-month PT of $182.83 representing 30.84% upside. Citi lowered PT to $146 from $166 on April 24. BMO Capital and RBC Capital maintain Buy ratings. Q2 FY26 earnings due May 6 after close. Recent analyst cuts reflect mixed performance amid regulatory setbacks and currency risks. Stock poised for strategic refocus on software engineering and manufacturing solutions.
Previous Market Intelligence
13 daysApr 30PTC launches Windchill AI Assistant; analyst cuts target; software growth strongMixed▶
PTC Inc. launched Windchill AI Assistant on April 28, adding generative AI and natural-language chat interface to its PLM software to help users find and summarize product information. However, Citi lowered PTC price target to $146 from $166 on April 24. The company divested IoT units (Kepware, ThingWorx) and launched major buyback program. Despite mixed analyst sentiment, 12 analysts rate PTC stock Buy with $182.83 average 12-month price target, indicating 30.84% upside. Stock declined $1.65 (1.20%) recently.
Apr 16PTC announced fiscal Q2 2026 earnings on May 6 following divestiture of Kepware and ThingWorx IoT businessesPositive▶
PTC announced fiscal Q2 2026 earnings release for May 6, 2026 after market close with live webcast at 5 p.m. ET. Earlier in April, PTC announced divestitures of Kepware Industrial Connectivity and ThingWorx IoT businesses to refocus on Intelligent Product Lifecycle vision with updated post-divestiture FY26 guidance. PTC ranks as strong cash-generative software company with 31.1% free cash flow margin and 84.2% gross margin. Analysts expect fiscal Q2 EPS of $1.61, up 10.3% year-over-year.
Apr 15Barclays reaffirms Buy rating on PTC; Q2 fiscal 2026 earnings scheduled for May 6 with strong growth expectations.Positive▶
PTC announced fiscal Q2 2026 earnings will be released May 6 after market close. Barclays reaffirmed its Buy rating on the company, showing continued analyst confidence. Analysts expect EPS of $1.61 for Q2, representing a 10.3% year-over-year increase. The stock recently reported strong Q1 results with 75% YoY EPS growth and positive guidance for cloud-native capabilities. Stock is up 6.7% since last earnings but down 15.2% year-to-date.
Apr 14PTC to report Q2 FY26 earnings May 6 after Kepware/ThingWorx divestiture to sharpen focus on Intelligent Product Lifecycle.Positive▶
PTC will announce fiscal Q2 2026 results on May 6 after market close. Recent strategic move includes divestiture of Kepware Industrial Connectivity and ThingWorx IoT businesses to refocus on Intelligent Product Lifecycle vision. Codebeamer announced as standard for BMW Group requirements management. New NVIDIA Isaac Sim integration with Onshape CAD enables automatic simulation updates. Analyst consensus Buy with $182.83 PT.
Apr 13PTC Inc. reporting Q2 FY2026 revenue expectations of $717 million with Buy consensus.Neutral▶
PTC Inc. provides Q2 FY2026 revenue guidance of $685-$745 million reflecting 13% expected growth. Announced Codebeamer requirement management adoption at BMW Group. Company divesting Kepware and ThingWorx businesses. Buy consensus from 11-12 analysts with $183.87 price target.
Apr 10PTC divested Kepware and ThingWorx IoT for $523M and launches $375M accelerated share buyback; Q2 revenue guidance lowered.Mixed▶
PTC Inc completed the sale of Kepware and ThingWorx IoT businesses to TPG for $523 million gross proceeds. The company lowered Q2 revenue guidance to $685-$745 million from $710-$770 million and cut Non-GAAP EPS projections. Despite concerns, PTC showed resilience with 10% YoY European ARR growth.
Apr 9PTC divests Kepware/ThingWorx to TPG for $523M; ARR guidance raised to 7.5%-9.5% post-divestiturePositive▶
PTC completed sale of Kepware industrial connectivity and ThingWorx IoT to TPG for $523M gross proceeds, enabling strategic focus on engineering/manufacturing software. Updated FY 2026 ARR growth guidance to 7.5%-9.5% (vs. prior 7%-9%) with post-divestiture ARR ~$2.515B. Q1 FY2026 results (Dec 31 quarter) showed 8.4% constant currency ARR growth, 13% operating/FCF growth. Mizuho lowered PT from $180 to $160 (Neutral rating). Codebeamer 3.2 and AI 1.0 releases address product complexity/regulatory demands (now standard at BMW). Stock up 1.3% over 7 days despite 15.2% YTD decline. 19 analysts: 11 Strong Buy, 1 Moderate Buy, 6 Hold, 1 Sell; mean PT $192.33 (33.2% upside).
Apr 8PTC connects Onshape CAD to NVIDIA Isaac Sim in cloud-native robotics workflowPositive▶
PTC announced new robotics integration connecting Onshape with NVIDIA Isaac Sim. Among 19 analysts: 11 Strong Buy, 1 Moderate Buy, 6 Hold, 1 Strong Sell. Mean price target $192.33 (+33.2% upside). FY2026 projected EPS $6.13 down 8.4% from FY2025.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6PTC divested Kepware and ThingWorx IoT to TPG for $523M; updated FY2026 guidance.Neutral▶
PTC completed sale of Kepware industrial connectivity and ThingWorx IoT businesses to TPG generating $375M net proceeds. Divested assets contributed ~$160M ARR in FY2025. Updated FY2026 guidance: 7.5%-9.5% ARR growth with ~$2.515B total ARR. Mizuho lowered price target to $160 from $180.
Apr 3PTC announced Codebeamer becomes standard for requirements management at BMW Group, strengthening product lifecycle strategy.Mixed▶
PTC announced April 1 that Codebeamer is now the standard for requirements management at BMW Group. The company divested Kepware Industrial Connectivity and ThingWorx IoT businesses to focus on Intelligent Product Lifecycle vision. European ARR growing 10% year-over-year. Q2 revenue guidance was lowered to $685-$745M from $710-$770M.
Apr 2PTC Inc completed divestiture of Kepware and ThingWorx businesses to TPG for $375M net cash proceeds and updated 2026 guidance.Positive▶
PTC Inc completed divestiture of Kepware and ThingWorx businesses to TPG for net cash proceeds of $375M (gross $523M). Company updated fiscal 2026 customer contract ARR growth guidance to 7.5%-9.5% post-divestiture with ARR of approximately $2.515B and free cash flow of ~$850M. PTC is enhancing products with AI capabilities and Onshape is fastest-growing product. Mizuho lowered price target to $160 from $180 while maintaining Neutral. Consensus Buy rating with $182.83 price target.
Apr 1Mizuho cuts PTC price target on Kepware divestiture and demand concerns; stock down 26.5% in six months.Negative▶
PTC completed the sale of Kepware and ThingWorx businesses to TPG for $375 million net proceeds. Mizuho lowered its price target from $180 to $160 while maintaining Neutral rating, reflecting market concern over the divestiture and slower demand.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PTCPTC | $136.44 | +0.10% | -5.6% | 16.4x | 1.06 | $16.2B |
| ORCLORACLE | $171.78 | +6.44% | +10.9% | 20.1x | 1.60 | $464.2B |
| PLTRPALANTIR | $144.27 | +3.71% | -6.0% | 74.6x | 1.67 | $333.5B |
| APPAPPLOVIN | $461.07 | +3.30% | +8.2% | 21.9x | 2.50 | $150.1B |
| CRMSALESFORCE | $184.10 | +4.29% | -4.6% | 11.8x | 1.29 | $144.4B |
| INTUINTUIT | $398.68 | +2.62% | -6.9% | 14.7x | 1.21 | $108.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.