PTC jumps 7% after Q2 results, higher FY26 outlook and big buyback plan

PTC Inc. (PTC) is up 7.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to PTC’s fiscal Q2 2026 results, which highlighted solid ARR growth (excluding divested businesses), strong cash generation, and an upgraded full-year outlook for revenue and non-GAAP EPS. Investors also likely reacted positively to the company’s aggressive capital return plans, including significant near-term repurchases and a new multi-year authorization.

Details:

PTC posted fiscal Q2 2026 results (quarter ended March 31, 2026) showing constant-currency ARR growth of 8.5% excluding divested businesses, alongside 14% year-over-year growth in operating cash flow and free cash flow.

Revenue for the quarter was $774 million versus $636 million in the prior-year quarter, with non-GAAP EPS of $2.69 versus $1.79.

Full-year fiscal 2026 guidance was raised for revenue (to $2.58B–$2.82B) and non-GAAP EPS (to $6.65–$8.90), while the company reiterated its constant-currency ARR growth outlook (7.5%–9.5%) excluding divested businesses.

PTC highlighted heavy share repurchases in Q2 (about $625 million) and introduced a new $2 billion share repurchase authorization for FY2027–FY2028.

Sources:

PR Newswire, PTC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PTC Insider Trading Activity

$PTC insiders have traded $PTC stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $PTC stock by insiders over the last 6 months:

KRISTIAN TALVITIE (EVP, Chief Financial Officer) has made 0 purchases and 8 sales selling 54,949 shares for an estimated $9,518,255.
STAATS AARON C VON (EVP, Chief Legal Officer) has made 0 purchases and 4 sales selling 6,568 shares for an estimated $1,144,749.
CORINNA LATHAN sold 675 shares for an estimated $106,137

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$PTC Hedge Fund Activity

We have seen 352 institutional investors add shares of $PTC stock to their portfolio, and 389 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 4,905,869 shares (-27.6%) from their portfolio in Q4 2025, for an estimated $854,651,438
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,094,383 shares (-75.7%) from their portfolio in Q4 2025, for an estimated $539,072,462
NORGES BANK added 792,359 shares (+87.7%) to their portfolio in Q4 2025, for an estimated $138,036,861
WELLINGTON MANAGEMENT GROUP LLP removed 766,474 shares (-29.6%) from their portfolio in Q4 2025, for an estimated $133,527,435
SELECT EQUITY GROUP, L.P. removed 579,525 shares (-50.5%) from their portfolio in Q4 2025, for an estimated $100,959,050
PICTET ASSET MANAGEMENT HOLDING SA added 529,208 shares (+17.8%) to their portfolio in Q1 2026, for an estimated $75,406,847
BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 500,963 shares (+1473.2%) to their portfolio in Q4 2025, for an estimated $87,272,764

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$PTC Government Contracts

We have seen $5,657,642 of award payments to $PTC over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

DEMAND FORECASTING SOFTWARE SUBSCRIPTION: $1,240,413
PARAMETRIC TECHNOLOGY CORPORATION (PTC) WINDCHILL PDMLINK UPGRADE: $398,377
SUPPORT FOR APEXADA ENTERPRISE V4.4 FOR SOLARIS/SPARC AND SUPPORT FOR APEXADA EMBEDDED BASE V4.2 FOR SOLARI...: $233,896
PURPOSE: STARS LICENSE RENEWALS PTC FOR TELEUSE V4.X FOR 32-BIT LINUX/INTEL: $42,240
PTC APEX ADA V4.4 FOR SOLARIS/SPARC: $29,786

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$PTC Congressional Stock Trading

Members of Congress have traded $PTC stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $PTC stock by members of Congress over the last 6 months:

REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 4 times. They made 0 purchases and 4 sales worth up to $60,000 on 01/30, 01/23, 12/05, 12/02.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/28.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$PTC Analyst Ratings

Wall Street analysts have issued reports on $PTC in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 02/02/2026

To track analyst ratings and price targets for $PTC, check out Quiver Quantitative's $PTC forecast page.

$PTC Price Targets

Multiple analysts have issued price targets for $PTC recently. We have seen 8 analysts offer price targets for $PTC in the last 6 months, with a median target of $185.0.

Here are some recent targets:

Blair Abernethy from Rosenblatt set a target price of $190.0 on 05/05/2026
Tyler Radke from Citigroup set a target price of $146.0 on 04/29/2026
Siti Panigrahi from Mizuho set a target price of $160.0 on 03/23/2026
Jason Celino from Keybanc set a target price of $195.0 on 03/17/2026
Saket Kalia from Barclays set a target price of $180.0 on 03/17/2026
Matthew Hedberg from RBC Capital set a target price of $195.0 on 02/05/2026
Alexei Gogolev from JP Morgan set a target price of $162.0 on 02/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.