PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation - on premises, in the cloud, or via its pure SaaS platform.

Company profile
Ticker
PTC
Exchange
Website
CEO
James Heppelmann
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...
Former names
PARAMETRIC TECHNOLOGY CORP
SEC CIK
Corporate docs
IRS number
42866152
PTC stock data
News
RBC Capital Maintains Outperform on PTC, Raises Price Target to $135
28 Jul 22
Mizuho Maintains Buy on PTC, Raises Price Target to $130
28 Jul 22
PTC: Q3 Earnings Insights
27 Jul 22
PTC Q3 EPS $0.97 Misses $1.07 Estimate, Sales $462.00M Miss $473.27M Estimate
27 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For July 27, 2022
27 Jul 22
Press releases
PTC Named Overall Leader in Augmented Reality Connected Worker Assessment from PAC
2 Aug 22
PTC Announces Third fiscal Quarter 2022 Results
27 Jul 22
PTC to Announce Fiscal Q3'22 Results on Wednesday, July 27th, 2022
11 Jul 22
ITC Infotech and PTC Create One of the Industry's Largest Organisations of Windchill Services Expertise with Expanded Alliance
2 Jun 22
ITC Infotech and PTC Create One of the Industry's Largest Organisations of Windchill Services Expertise with Expanded Alliance
1 Jun 22
Analyst ratings and price targets
Current price
Average target
$137.00
Low target
$130.00
High target
$146.00
RBC Capital
Maintains
$135.00
Mizuho
Maintains
$130.00
Rosenblatt
Maintains
$146.00
Calendar
5 Aug 22
9 Aug 22
30 Sep 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 323.04M | 323.04M | 323.04M | 323.04M | 323.04M | 323.04M |
Cash burn (monthly) | (no burn) | 3.6M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 4.83M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 318.21M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 88.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 120.8206 | 3,137 | 379.01K | 9,664,234 |
5 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 120.0225 | 44,362 | 5.32M | 9,667,371 |
5 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 118.8777 | 2,501 | 297.31K | 9,711,733 |
5 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | Yes | 121.04 | 300 | 36.31K | 9,714,234 |
5 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | Yes | 120.1987 | 7,700 | 925.53K | 9,714,534 |
4 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 121.501 | 9,266 | 1.13M | 9,722,234 |
4 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 120.7147 | 40,734 | 4.92M | 9,731,500 |
4 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | Yes | 121.4743 | 1,759 | 213.67K | 9,772,234 |
4 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | Yes | 120.7059 | 6,241 | 753.33K | 9,773,993 |
3 Aug 22 | Moret Blake D. | Common Stock | Sell | Dispose S | Yes | No | 122.1797 | 20,660 | 2.52M | 9,780,234 |
Institutional ownership, Q1 2022
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 1 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Huntington National Bank | 1 | $0 |
Financial report summary
?Competition
General Electric • Sierra Monitor • Autodesk • Sarepta Therapeutics • BSquare • Oracle • Biophytis • Tyra BiosciencesRisks
- We face significant competition, which may reduce our profitability and limit or reduce our market share.
- A breach of security in our products or computer systems, or those of our third-party service providers, could compromise the integrity of our products, cause loss of data, harm our reputation, create additional liability and adversely impact our financial results.
- We increasingly rely on third-party providers of cloud infrastructure services to deliver our offerings to users on our platform, and any disruption of or interference with our use of these services could adversely affect our business.
- We may be unable to hire or retain personnel with the necessary skills to operate and grow our business, which could adversely affect our ability to compete.
- The extent to which the COVID-19 pandemic may impact our business is uncertain and it could materially adversely affect our financial condition and results of operations.
- We depend on sales within the discrete manufacturing sector and our business could be adversely affected if manufacturing activity does not grow, or if it contracts, or if manufacturers are adversely affected by other economic factors.
- Because our sales and operations are globally dispersed, we face additional compliance risks and any compliance failure could adversely affect our business and financial results.
- Businesses we acquire may not generate the revenue and earnings we anticipate and may otherwise adversely affect our business.
- We may incur significant debt or issue a material amount of debt or equity securities to finance an acquisition, which could adversely affect our operating flexibility and financial statements.
- Our inability to maintain or develop our strategic and technology relationships could adversely affect our business.
- We may be unable to adequately protect our proprietary rights, which could adversely affect our business and our ability to compete effectively.
- Intellectual property infringement claims could be asserted against us, which could be expensive to defend and could result in limitations on our use of the claimed intellectual property.
- Our substantial indebtedness could adversely affect our business, financial condition and results of operations, as well as our ability to meet our payment obligations under our debt.
- Despite our current level of indebtedness, we and our subsidiaries may still be able to incur substantially more debt and other obligations. This could further exacerbate the risks to our financial condition described above.
- We are required to comply with certain financial and operating covenants under our debt agreements. Any failure to comply with those covenants could cause amounts borrowed to become immediately due and payable and/or prevent us from borrowing under the credit facility.
- Our credit facility has variable interest tied to LIBOR and we could become subject to higher interest rates if the replacement rate we agree on with our banks is higher.
- Our operating results fluctuate from quarter to quarter, making future operating results difficult to predict; failure to meet market expectations could cause the price of our securities to decline.
- Our stock price has been volatile, which may make it harder to resell shares at a favorable time and price.
- From time to time, we may acquire common stock in publicly traded companies as strategic investments. Owning such stock exposes us to the volatility, liquidity and other risks inherent in holding that stock.
- Our Senior Notes are unsecured and do not limit our ability to incur indebtedness, which could reduce any payments to holders of the Senior Notes in connection with any insolvency, liquidation, reorganization, dissolution or other winding up of PTC.
- Our Senior Notes are not guaranteed by any of our subsidiaries, which could adversely affect our ability to pay interest on or redeem the Senior Notes when due.
- Our international businesses present economic and operating risks, which could adversely affect our business and financial results.
- We may have exposure to additional tax liabilities and our effective tax rate may increase or fluctuate, which could increase our income tax expense and reduce our net income.
Management Discussion
- For discussion of FY’20 results and comparison with FY’19 results, refer to Management's Discussion and Analysis of Financial Conditions and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020.
- Approximately 60% of our revenue and 40% of our expenses are transacted in currencies other than the U.S. dollar. Because we report our results of operations in U.S. Dollars, currency translation, particularly changes in the Euro, Yen, Shekel, and Rupee relative to the U.S. Dollar, affects our reported results. Our constant currency disclosures are calculated by multiplying the results in local currency for FY’21 and FY’20 by the exchange rates in effect on September 30, 2020, excluding the effect of any hedging. If FY'21 reported results were converted into U.S. dollars based on this methodology, FY'21 revenue would have been lower by $20 million and expenses would have been lower by $8 million. The net impact on year-over-year results would have been a decrease in operating income of $12 million in FY'21.
- The results of operations in the table above and revenue by line of business, product group, and geographic region in the tables that follow present both actual percentage changes year over year and percentage changes on a constant currency basis.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
ago, comparison, complementary, diligence, Disposition, divestiture, fact, flat, Hearing, inflation, intent, Partner, publicly, relevant, residual, reversal, rTSR
Removed:
attainment, Exhibit, IoT, point, put, represent, TSR, uncapped
Financial reports
Current reports
8-K
PTC Announces Third fiscal Quarter 2022 Results
27 Jul 22
8-K
Departure of Directors or Certain Officers
24 May 22
8-K
Completion of Acquisition or Disposition of Assets
3 May 22
8-K
PTC Announces second fiscal Quarter 2022 Results
27 Apr 22
8-K
Entry into a Material Definitive Agreement
20 Apr 22
8-K
Departure of Directors or Certain Officers
15 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
7 Feb 22
8-K/A
PTC Announces FIRST fiscal Quarter 2022 Results
26 Jan 22
8-K
PTC Announces FIRST fiscal Quarter 2022 Results
26 Jan 22
8-K
Departure of Directors or Certain Officers
13 Dec 21
Registration and prospectus
S-3ASR
Automatic shelf registration
22 Nov 21
S-8
Registration of securities for employees
6 Jun 19
S-3ASR
Automatic shelf registration
27 Nov 18
S-8
Registration of securities for employees
31 May 16
S-8
Registration of securities for employees
31 May 16
424B5
Prospectus supplement for primary offering
4 May 16
FWP
Free writing prospectus
3 May 16
424B2
Prospectus for primary offering
1 May 16
S-3ASR
Automatic shelf registration
1 May 16
S-8
Registration of securities for employees
5 Mar 13
Proxies
DEFA14A
Additional proxy soliciting materials
20 Dec 21
DEFA14A
Additional proxy soliciting materials
4 Feb 21
DEFA14A
Additional proxy soliciting materials
29 Dec 20
DEFA14A
Additional proxy soliciting materials
31 Dec 19
DEFA14A
Additional proxy soliciting materials
25 Feb 19
DEFA14A
Additional proxy soliciting materials
23 Jan 19
DEF 14A
Definitive proxy
23 Jan 19
Other
CORRESP
Correspondence with SEC
9 Mar 20
UPLOAD
Letter from SEC
9 Mar 20
UPLOAD
Letter from SEC
24 Feb 20
CT ORDER
Confidential treatment order
4 Oct 18
UPLOAD
Letter from SEC
29 Jun 17
CORRESP
Correspondence with SEC
26 Jun 17
UPLOAD
Letter from SEC
30 May 17
CORRESP
Correspondence with SEC
21 May 17
UPLOAD
Letter from SEC
7 May 17
CORRESP
Correspondence with SEC
19 Apr 17
Ownership
4
PTC / Blake D. Moret ownership change
8 Aug 22
4
PTC / Blake D. Moret ownership change
4 Aug 22
4
PTC / Blake D. Moret ownership change
3 Aug 22
4
PTC / Blake D. Moret ownership change
3 Aug 22
4
PTC / STAATS AARON C VON ownership change
2 Aug 22
4
PTC / JAMES E HEPPELMANN ownership change
2 Aug 22
4
PTC / Blake D. Moret ownership change
2 Aug 22
4
PTC / Catherine Kniker ownership change
1 Aug 22
4
PTC / Blake D. Moret ownership change
29 Jul 22
4
PTC / Catherine Kniker ownership change
29 Jul 22
Transcripts
2022 Q3
Earnings call transcript
28 Jul 22
2022 Q2
Earnings call transcript
27 Apr 22
2022 Q1
Earnings call transcript
27 Jan 22
2021 Q4
Earnings call transcript
4 Nov 21
2021 Q3
Earnings call transcript
29 Jul 21
2021 Q2
Earnings call transcript
29 Apr 21
2021 Q1
Earnings call transcript
28 Jan 21
2020 Q4
Earnings call transcript
28 Oct 20
2020 Q3
Earnings call transcript
30 Jul 20
2020 Q2
Earnings call transcript
29 Apr 20
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