PTC Completes Sale of Kepware and ThingWorx Businesses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy PTC?
Source: PRnewswire
- Completion of Sale: PTC has successfully completed the sale of its Kepware and ThingWorx businesses, receiving cash proceeds of $523 million, slightly below the expected $525 million, demonstrating the company's commitment to focusing on its Intelligent Product Lifecycle vision.
- Net Proceeds Allocation: After deducting approximately $40 million in related costs and about $110 million in taxes, PTC anticipates net after-tax proceeds of approximately $375 million, which will be utilized for share repurchases, enhancing shareholder returns.
- Updated Financial Guidance: PTC has updated its guidance for fiscal year 2026, projecting operating cash flow of $880 million, reflecting the impact of the divestiture of Kepware and ThingWorx on its business restructuring efforts.
- Accelerated Repurchase Plan: The company plans to initiate a $375 million accelerated share repurchase agreement in Q2 2026, with final settlement expected in Q3 2026, indicating confidence in future growth and commitment to shareholders.
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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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- AI Development Support: This workflow supports physical AI development through robotic training in NVIDIA Isaac Lab, accelerating technological advancements and further driving innovation in the industrial automation sector.
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