PTC
PTC INC.Evidence as of 2026-09-03Overview · PTC INC.
PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR. In addition, the company provides Onshape, a cloud product development platform that delivers computer-a…
Management team
- Catherine Gorecki · Senior VP of Corporate & Securities Counsel and Assistant SecretaryFind on LinkedIn
- Mr. Kevin P. Wrenn · Chief Product OfficerFind on LinkedIn
- Ms. Alice Christenson · Chief Accounting OfficerFind on LinkedIn
- Ms. Catherine A. Kniker · EVP, Chief Marketing & Sustainability OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
Revenue from contracts rose from $ 685,825,000 in Q1 2026 (fiscal quarter ended 2026-02-03) to $ 774,303,000 in Q2 2026 (fiscal quarter ended 2026-05-04) and then fell to $ 600,049,000 in Q3 2026 (fiscal quarter ended 2026-07-29). Gross profit and operating income follow the same pattern: gross profit of $ 568,079,000 in Q1 2026, $ 660,685,000 in Q2 2026 and $ 490,465,000 in Q3 2026; operating income of $ 221,131,000 in Q1 2026, $ 295,802,000 in Q2 2026 and $ 166,506,000 in Q3 2026.
Net income and diluted EPS show a pronounced Q2 spike to $ 590,723,000 and $ 4.98 respectively in Q2 2026 versus $ 166,518,000 and $ 1.39 in Q1 2026 and $ 118,780,000 and $ 1.03 in Q3 2026 (this claim was marked weakened but remains as a surviving observation). Shares outstanding declined across the reporting window, with weighted‑average diluted shares moving from 119,989,000 in Q1 2026 to 118,553,000 in Q2 2026 to 114,978,000 in Q3 2026 and point‑in‑time counts of 118,996,116 as of 2026-02-03, 115,505,791 as of 2026-05-04 and 108,506,261 as of 2026-07-29.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue from contracts was $685,825,000 for the quarter 2025-10-01 to 2025-12-31 (fiscal Q1 2026), $774,303,000 for 2026-01-01 to 2026-03-31 (fiscal Q2 2026), and $600,049,000 for 2026-04-01 to 2026-06-30 (fiscal Q3 2026), showing a sequential increase from Q1 to Q2 and a decline from Q2 to Q3.
XBRL companyfacts · 0001193125-26-039347Gross profit was $568,079,000 for 2025-10-01 to 2025-12-31 (fiscal Q1 2026), $660,685,000 for 2026-01-01 to 2026-03-31 (fiscal Q2 2026), and $490,465,000 for 2026-04-01 to 2026-06-30 (fiscal Q3 2026), following the same pattern of Q1-to-Q2 increase then Q2-to-Q3 decrease.
XBRL companyfacts · 0001193125-26-039347Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 insider transaction report for PTC INC. was filed on 2026-08-17.
4 filed 2026-08-17A second Form 4 insider transaction report for PTC INC. was filed on 2026-08-17.
4 filed 2026-08-17Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
PTC's 3-month momentum is +6.7%.
Moneyta signal set · 2026-09-02weakened in debatePTC's 6-month momentum is -8.5% and its 6-month relative strength vs SPY is -20.5%, with momentum ranked in the 21st percentile of 547.
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, PTC is a holding in the iShares Core S&P 500 ETF (IVV) with a reported weight of 0.02% of the fund.
ETF constituents · market dataTwo Form 4 insider filings for PTC were filed on 2026-08-17 (two separate accession records were captured).
Form 4 × 2 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Several headlines note weaker quarterly metrics for PTC, reporting year-on-year revenue declines and missed billings and recurring revenue expectations in the most recent quarter.
News · simplywall.st · 2026-09-01Some coverage places PTCs Q2 results in the context of its design-software peers and broader earnings comparisons after the quarter ended, indicating sector-level framing in addition to company focus.
News · finance.yahoo.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 2026-08-15, Barua Neil (President and CEO) reported a transaction with action "code F" for 5,547 shares with a reported value of "$831k" and no trading plan indicated in the filing.
Form 4 · Barua Neil (President and CEO) · $0 code M · 2026-08-15On 2026-08-15, STEVENSON JON (Chief Product Officer) reported a transaction with action "code F" for 1,204 shares with a reported value of "$180k" and no trading plan indicated in the filing.
Form 4 · STEVENSON JON (Chief Product Officer) · $0 code M · 2026-08-15Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The valuation evidence implies a free cash flow (FCF) growth rate of 8.99% that today’s price would justify under the stated discount and terminal assumptions, with the price observed 2 September 2026.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (price_to_fcf) is 19.99 and FCF on a trailing twelve-month basis is $857,585,000, equivalent to FCF per share of $7.4587 (shares_cover as of 2026-07-29: 108,506,261; diluted shares wavg as of 2026-06-30: 114,978,000).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several pieces of the evidence jointly support a favorable read: trailing FCF and earnings multiples (price-to-FCF ~20, TTM P/E ~17.4, EV/EBITDA ~17.4) alongside a large TTM FCF ($857.6M) indicate the business is generating meaningful free cash flow relative to market value. Reported share-count reduction across the quarter sequence and point-in-time outstanding shares shows active repurchases or retirements, which mechanically increase per-share cash flow and earnings metrics. Management actions noted in coverage (upward revision to ARR midpoint and accelerated repurchases) plus very high recent realized volatility — which can create tactical opportunities to deploy repurchase activity — together strengthen a constructive interpretation of the company’s capital-allocation profile. These observations rebut bearish emphasis on short-term price weakness by focusing on cash-generation, per-share improvement, and management capital return signals as factual inputs to valuation and ownership dynamics.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.33
34 surviving claims rest on 16 distinct sources; the heaviest analyst carries 18% of them, and 94% of what the desk raised survived the debate.
The evidence set shows many corroborated points across filings, market signals, news and valuation, but the surviving-claim count resting on only 16 distinct sources means several sources supply multiple claims — a modest source concentration. The largest analyst contribution at 18% and a 94% survival rate through debate suggest the claims were resilient in review, though the high survival could also reflect limited contesting evidence rather than independent confirmation.
Peer context · computed, not argued
12-1 momentum ranks 17th of 23 in Software—Application (as of 2026-09-02).
6-month relative strength ranks 18th of 23 in Software—Application (as of 2026-09-02).
90-day volatility ranks 21st of 23 in Software—Application (as of 2026-09-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer−0.1 to the score
2 documents
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.2 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
2 filings
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.5 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on PTC Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.