With a market cap of $15.8 billion, PTC Inc. (PTC) is a global software company that helps industrial and manufacturing organizations digitally transform the way they engineer, manufacture, and service physical products. It employs more than 7,000 people and serves over 30,000 customers worldwide.
Shares of the Boston, Massachusetts-based company have lagged behind the broader market over the past 52 weeks. PTC stock has decreased 28.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19.5%. Moreover, shares of the company have fallen 14.7% on a YTD basis, compared to SPX's 12.6% gain.
