PTC Completes Divestiture of Kepware and ThingWorx Businesses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy PTC?
Source: Newsfilter
- Strategic Divestiture: PTC successfully sold its Kepware and ThingWorx businesses for $523 million in cash to TPG, allowing the company to focus on its Intelligent Product Lifecycle vision, which is expected to enhance its market competitiveness.
- Updated Financial Guidance: Following the divestiture, PTC updated its financial guidance for FY'26, projecting operating cash flow to reach $880 million, a decrease from the previous estimate of $1.03 billion, reflecting the impact of the divestiture on cash flow.
- Share Repurchase Program: PTC plans to utilize approximately $375 million in after-tax proceeds from the divestiture for share repurchases and intends to initiate a $375 million accelerated share repurchase program in Q2'26, which is expected to boost earnings per share.
- Future Outlook: Post-divestiture, PTC anticipates FY'26 revenue to range between $2.675 billion and $2.94 billion; while the divestiture affects short-term cash flow, the strategic focus is expected to support sustained long-term growth.
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Analyst Views on PTC
Wall Street analysts forecast PTC stock price to rise
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 137.610
Low
175.00
Averages
218.00
High
255.00
Current: 137.610
Low
175.00
Averages
218.00
High
255.00
About PTC
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service physical products. The Company's computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill, ServiceMax, Arena, Codebeamer, Servigistics, and FlexPLM. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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