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PTC Inc. (PTC) is a software company valued at a market cap of $20.6 billion, that specializes in digital transformation solutions for industrial businesses. The Boston, Massachusetts-based company’s key offerings include Creo for 3D CAD, Windchill for PLM, and ThingWorx for IoT and augmented reality (AR).
The industrial software powerhouse has lagged behind the broader market over the past year, falling 5.3%, compared to the S&P 500 Index’s ($SPX) 22.3% gains. This year, PTC has dropped 7%, while the SPX is up 4% on a YTD basis.
