Market Summary
USD138.16-0.04
Delayedas of 27 Sep 2023, 10:40 am-0.03%
PTC Alerts
PTC Stock Price
PTC RSI Chart
PTC Valuation
PTC Price/Sales (Trailing)
PTC Profitability
PTC Fundamentals
PTC Revenue
PTC Earnings
Price Action
52 Week Range
101.82152.09
(Low)(High)
Last 7 days
-3.1%
Last 30 days
-4.6%
Last 90 days
-1.7%
Trailing 12 Months
31.4%
PTC Financial Health
PTC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PTC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Ditullio Michael | sold | -422,130 | 140 | -3,000 | president and coo |
2023-09-15 | Lathan Corinna | sold | -112,568 | 140 | -800 | - |
2023-07-31 | Moret Blake D. | sold | -11,646,600 | 145 | -80,000 | - |
2023-07-28 | Moret Blake D. | sold | -11,600,100 | 145 | -80,000 | - |
2023-07-27 | LACY PAUL A | sold | -376,209 | 150 | -2,500 | - |
2023-07-13 | LACY PAUL A | sold | -362,540 | 145 | -2,500 | - |
2023-06-16 | Ditullio Michael | sold | -430,416 | 143 | -3,000 | president and coo |
2023-06-15 | Kniker Catherine | sold (taxes) | -52,266 | 143 | -364 | chief strategy officer |
2023-06-15 | Kniker Catherine | acquired | - | - | 1,237 | chief strategy officer |
2023-06-15 | Lathan Corinna | sold | -112,880 | 141 | -800 | - |
Which funds bought or sold PTC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 95.41 | 31,760,000 | 58,936,000 | 0.04% |
2023-09-13 | CGC Financial Services, LLC | new | - | 5,692 | 5,692 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 380 | 3,842 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 559,113 | 5,654,720 | 0.05% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 259,444 | 259,444 | -% |
2023-08-22 | COMERICA BANK | new | - | 5,000 | 5,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 70.68 | 1,196,790 | 2,535,000 | -% |
2023-08-21 | BOKF, NA | unchanged | - | 14.00 | 142 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.2 | 120,000 | 1,359,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -0.63 | 2,395,070 | 25,700,200 | 0.04% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PTC Alerts
Schedule 13G FIlings of PTC
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 01, 2023 | rockwell automation, inc | 4.99% | 5,910,905 | SC 13D/A | |
| Jun 20, 2023 | rockwell automation, inc | 5.13% | 6,070,905 | SC 13D/A | |
| May 18, 2023 | rockwell automation, inc | 5.44% | 6,448,905 | SC 13D/A | |
| Feb 14, 2023 | rockwell automation, inc | 6.45% | 7,622,238 | SC 13D/A | |
| Feb 09, 2023 | vanguard group inc | 10.36% | 12,246,328 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.1% | 8,972,641 | SC 13G/A | |
| Jun 01, 2022 | rockwell automation, inc | 9.04% | 10,571,340 | SC 13D/A | |
| Feb 10, 2022 | vanguard group inc | 10.13% | 11,939,614 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.4% | 8,719,982 | SC 13G/A | |
| Nov 08, 2021 | rockwell automation, inc | 9.02% | 10,582,010 | SC 13D/A |
Recent SEC filings of PTC
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 07, 2023 | 8-K | Current Report | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Aug 03, 2023 | 424B7 | Prospectus Filed | |
| Aug 01, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 4 | Insider Trading |
Peers (Alternatives to PTC)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.3T | 211.9B | -3.36% | 31.83% | 32.06 | 10.95 | 6.88% | -0.52% |
ADBE | 230.9B | 18.4B | -3.57% | 82.81% | 47.56 | 12.53 | 10.40% | -0.72% |
AZPN | - | - | 2.88% | -10.29% | - | - | - | - |
ORCL | 287.3B | 51.0B | -9.63% | 66.15% | 30.64 | 5.64 | 15.41% | 61.40% |
CRM | 197.4B | 33.1B | -3.33% | 38.39% | 125.11 | 5.97 | 14.81% | 194.40% |
ZM | 20.4B | 4.5B | 0.89% | -6.86% | 144.14 | 4.58 | 3.92% | -85.69% |
| MID-CAP | ||||||||
APPN | 3.1B | 506.6M | -9.36% | 4.59% | -19.65 | 6.11 | 20.13% | -27.36% |
MANH | 11.9B | 848.2M | 0.47% | 48.04% | 81.66 | 14.05 | 19.21% | 23.01% |
GWRE | 7.0B | 905.3M | 6.61% | 40.67% | -45.42 | 7.78 | 11.41% | -3.11% |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 415.3M | -10.81% | 12.36% | -5.83 | 2.62 | 11.66% | -68.02% |
YEXT | 761.6M | 403.2M | -26.47% | 36.69% | -31.79 | 1.89 | 0.77% | 74.48% |
UPLD | 136.2M | 309.9M | 64.82% | -49.08% | -0.74 | 0.44 | -0.26% | -219.50% |
PTC News
Returns for PTC
Cumulative Returns on PTC
17.2%
10-Year Cumulative Returns
17.7%
7-Year Cumulative Returns
5.4%
5-Year Cumulative Returns
19.2%
3-Year Cumulative Returns
Risks for PTC
What is the probability of a big loss on PTC?
70%
Probability that PTC stock will be more than 20% underwater in next one year
45.4%
Probability that PTC stock will be more than 30% underwater in next one year.
18.9%
Probability that PTC stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PTC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if PTC was unfortunately bought at previous high price.
Drawdowns
Financials for PTC
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 4.0% | 2,058 | 1,978 | 1,942 | 1,933 | 1,906 | 1,879 | 1,836 | 1,807 | 1,717 | 1,634 | 1,531 | 1,458 | 1,402 | 1,346 | 1,277 | 1,256 | 1,233 | 1,252 | 1,270 | 1,242 | 1,236 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 326 | 331 |
| Gross Profit | 4.2% | 1,638 | 1,572 | 1,555 | 1,547 | 1,516 | 1,496 | 1,456 | 1,436 | 1,362 | 1,293 | 1,198 | 1,124 | 1,067 | 1,008 | 942 | 930 | 915 | 935 | 949 | 915 | 905 |
| Costs and Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 867 | - | - | - | 843 | - |
| Operating Expenses | 3.2% | 1,154 | 1,118 | 1,065 | 1,100 | 1,099 | 1,086 | 1,104 | 1,055 | 1,029 | 971 | 927 | 913 | 877 | 871 | 878 | 867 | 887 | 895 | 864 | 843 | 826 |
| S&GA Expenses | 4.2% | 512 | 491 | 478 | 485 | 496 | 506 | 519 | 518 | 504 | 474 | 453 | 435 | 421 | 425 | 421 | 417 | 425 | 425 | 420 | 415 | 407 |
| R&D Expenses | 4.3% | 381 | 365 | 346 | 339 | 329 | 319 | 310 | 300 | 291 | 275 | 262 | 257 | 251 | 250 | 251 | 247 | 245 | 246 | 247 | 250 | 248 |
| EBITDA | -100.0% | - | 586 | 573 | 539 | 569 | 527 | 510 | 527 | 410 | 401 | 349 | 292 | 268 | 213 | 141 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.30* | 0.29* | 0.28* | 0.30* | 0.28* | 0.28* | 0.29* | 0.24* | 0.25* | 0.23* | 0.20* | 0.19* | 0.16* | 0.11* | - | - | - | - | - | - |
| Interest Expenses | 25.4% | 109 | 87.00 | 58.00 | 54.00 | 52.00 | 51.00 | 52.00 | 50.00 | 50.00 | 56.00 | 76.00 | 76.00 | 75.00 | 66.00 | 45.00 | 43.00 | 43.00 | 43.00 | 42.00 | 42.00 | 41.00 |
| Earnings Before Taxes | -6.0% | 381 | 406 | 428 | 397 | 429 | 387 | 370 | 392 | 278 | 264 | 193 | 135 | 113 | 68.00 | 19.00 | 20.00 | -12.79 | -2.34 | 43.00 | 29.00 | 33.00 |
| EBT Margin | -100.0% | - | 0.21* | 0.22* | 0.21* | 0.23* | 0.21* | 0.20* | 0.22* | 0.16* | 0.16* | 0.13* | 0.09* | 0.08* | 0.05* | 0.01* | - | - | - | - | - | - |
| Net Income | -2.9% | 307 | 316 | 342 | 313 | 499 | 480 | 499 | 477 | 237 | 221 | 119 | 131 | 87.00 | 38.00 | -12.99 | -27.46 | -24.09 | 8.00 | 59.00 | 52.00 | 56.00 |
| Net Income Margin | -100.0% | - | 0.16* | 0.18* | 0.16* | 0.26* | 0.26* | 0.27* | 0.26* | 0.14* | 0.14* | 0.08* | 0.09* | 0.06* | 0.03* | -0.01* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 520 | 453 | 416 | 419 | 391 | 368 | 344 | 341 | 356 | 322 | 214 | 235 | 195 | 233 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.5% | 6,208 | 6,300 | 4,796 | 4,687 | 4,606 | 4,379 | 4,421 | 4,508 | 4,206 | 4,181 | 3,449 | 3,383 | 3,376 | 3,866 | 3,280 | 2,665 | 2,649 | 2,716 | 2,753 | 2,329 | 2,256 |
| Current Assets | -5.4% | 1,103 | 1,166 | 1,127 | 1,069 | 948 | 967 | 1,009 | 1,073 | 918 | 902 | 936 | 833 | 847 | 1,341 | 739 | 783 | 753 | 791 | 800 | 634 | 588 |
| Cash Equivalents | -12.2% | 282 | 320 | 388 | 272 | 323 | 307 | 297 | 327 | 366 | 327 | 399 | 276 | 378 | 828 | 238 | 271 | 269 | 295 | 278 | 261 | 268 |
| Net PPE | -3.1% | 89.00 | 92.00 | 95.00 | 98.00 | 91.00 | 93.00 | 97.00 | 100 | 94.00 | 97.00 | 98.00 | 101 | 102 | 104 | 105 | 106 | 108 | 107 | 107 | 81.00 | 64.00 |
| Goodwill | 0.2% | 3,377 | 3,369 | 979 | 2,354 | 2,383 | 2,186 | 2,190 | 2,192 | 2,197 | 2,194 | 1,635 | 1,626 | 1,605 | 1,603 | 1,606 | 1,238 | 1,245 | 1,230 | 1,231 | 1,182 | 1,182 |
| Liabilities | -4.6% | 3,609 | 3,781 | 2,395 | 2,391 | 2,448 | 2,295 | 2,467 | 2,469 | 2,481 | 2,531 | 1,954 | 1,944 | 2,049 | 2,592 | 2,032 | 1,463 | 1,433 | 1,468 | 1,432 | 1,454 | 1,421 |
| Current Liabilities | 1.2% | 1,612 | 1,593 | 787 | 792 | 770 | 782 | 780 | 779 | 746 | 767 | 712 | 681 | 666 | 1,192 | 632 | 638 | 601 | 598 | 541 | 735 | 665 |
| Long Term Debt | -9.4% | 1,738 | 1,918 | 1,351 | 1,351 | 1,425 | 1,266 | 1,440 | 1,439 | 1,479 | 1,508 | 988 | 1,005 | 1,125 | 1,134 | 1,124 | 669 | 699 | - | - | 643 | - |
| Shareholder's Equity | 3.2% | 2,599 | 2,519 | 2,401 | 2,296 | 2,157 | 2,084 | 1,954 | 2,038 | 1,725 | 1,651 | 1,495 | 1,438 | 1,328 | 1,274 | 1,248 | 1,202 | 1,216 | 1,248 | 1,321 | 875 | 834 |
| Retained Earnings | 7.1% | 928 | 866 | 803 | 728 | 621 | 550 | 461 | 415 | 122 | 71.00 | -38.75 | -62.27 | -115 | -150 | -157 | -191 | -197 | -182 | -138 | -599 | -612 |
| Additional Paid-In Capital | 1.0% | 1,767 | 1,750 | 1,702 | 1,721 | 1,669 | 1,638 | 1,590 | 1,719 | 1,695 | 1,677 | 1,623 | 1,603 | 1,552 | 1,537 | 1,508 | 1,503 | 1,505 | 1,524 | 1,554 | 1,558 | 1,524 |
| Shares Outstanding | 0.3% | 119 | 118 | 118 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 116 | 116 | 116 | 116 | 115 | 115 | 116 | 118 | 118 | 118 | 116 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 9.6% | 600 | 547 | 479 | 435 | 442 | 413 | 393 | 369 | 357 | 374 | 340 | 234 | 255 | 218 | 271 | 285 | 292 | 273 | 243 | 248 | 219 |
| Share Based Compensation | 2.4% | 189 | 185 | 170 | 175 | 177 | 170 | 177 | 177 | 175 | 158 | 133 | 115 | 88.00 | 78.00 | 85.00 | 86.00 | 103 | 104 | 94.00 | 83.00 | 73.00 |
| Cashflow From Investing | 20.9% | -874 | -1,104 | -223 | -201 | -205 | 27.00 | -731 | -687 | -703 | -719 | -5.85 | -525 | -499 | -498 | -522 | -150 | -166 | -154 | -141 | -49.21 | -36.41 |
| Cashflow From Financing | -59.4% | 237 | 583 | -148 | -264 | -262 | -454 | 244 | 370 | 329 | -161 | -176 | 297 | 362 | 823 | 213 | -122 | -122 | -113 | -109 | -210 | -174 |
| Buy Backs | - | - | - | 0.00 | 125 | 150 | 150 | 150 | 30.00 | - | - | - | - | 50.00 | 100 | - | 115 | 1,453 | 1,553 | - | 1,100 | 232 |
PTC Income Statement
2023-06-30Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenue: | ||||
| Total revenue | $ 542,342 | $ 462,474 | $ 1,550,433 | $ 1,425,422 |
| Cost of revenue: | ||||
| Total cost of revenue | 115,854 | 101,995 | 325,150 | 290,450 |
| Gross margin | 426,488 | 360,479 | 1,225,283 | 1,134,972 |
| Operating expenses: | ||||
| Sales and marketing | 145,083 | 124,325 | 392,673 | 366,209 |
| Research and development | 103,819 | 88,170 | 292,345 | 250,639 |
| General and administrative | 57,055 | 54,618 | 173,949 | 154,027 |
| Amortization of acquired intangible assets | 10,670 | 8,931 | 29,352 | 25,865 |
| Restructuring and other charges (credits), net | (39) | 4,458 | (376) | 36,887 |
| Total operating expenses | 316,588 | 280,502 | 887,943 | 833,627 |
| Operating income | 109,900 | 79,977 | 337,340 | 301,345 |
| Interest and debt premium expense | (35,836) | (13,758) | (93,719) | (38,983) |
| Other income (expense), net | 2,462 | 34,559 | 398 | (2,642) |
| Income before income taxes | 76,526 | 100,778 | 244,019 | 259,720 |
| Provision for income taxes | 15,128 | 30,302 | 44,082 | 53,476 |
| Net income | $ 61,398 | $ 70,476 | $ 199,937 | $ 206,244 |
| Earnings per share—Basic | $ 0.52 | $ 0.6 | $ 1.69 | $ 1.76 |
| Earnings per share—Diluted | $ 0.51 | $ 0.6 | $ 1.68 | $ 1.75 |
| Weighted-average shares outstanding—Basic | 118,483 | 117,073 | 118,186 | 117,114 |
| Weighted-average shares outstanding—Diluted | 119,392 | 117,968 | 119,072 | 118,097 |
| License | ||||
| Revenue: | ||||
| License | $ 192,940 | $ 175,163 | $ 562,631 | $ 562,646 |
| Cost of revenue: | ||||
| Cost of license revenue | 11,501 | 13,676 | 41,293 | 35,406 |
| Support and cloud services | ||||
| Revenue: | ||||
| Support and cloud services | 313,721 | 248,237 | 875,448 | 736,597 |
| Cost of revenue: | ||||
| Cost of support and cloud services revenue | 68,264 | 46,598 | 177,626 | 137,251 |
| Software | ||||
| Revenue: | ||||
| Total software revenue | 506,661 | 423,400 | 1,438,079 | 1,299,243 |
| Cost of revenue: | ||||
| Total cost of software revenue | 79,765 | 60,274 | 218,919 | 172,657 |
| Professional services | ||||
| Revenue: | ||||
| Professional services | 35,681 | 39,074 | 112,354 | 126,179 |
| Cost of revenue: | ||||
| Cost of professional services revenue | $ 36,089 | $ 41,721 | $ 106,231 | $ 117,793 |
PTC Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 281,513,000 | $ 272,182,000 |
| Accounts receivable, net of allowance for doubtful accounts of $0 and $362 at June 30, 2023 and September 30, 2022, respectively | 625,471,000 | 636,556,000 |
| Prepaid expenses | 118,872,000 | 88,854,000 |
| Other current assets | 77,421,000 | 71,065,000 |
| Total current assets | 1,103,277,000 | 1,068,657,000 |
| Property and equipment, net | 89,180,000 | 98,101,000 |
| Goodwill | 3,377,319,000 | 2,353,654,000 |
| Acquired intangible assets, net | 959,120,000 | 382,718,000 |
| Deferred tax assets | 146,307,000 | 256,091,000 |
| Operating right-of-use lease assets | 144,860,000 | 137,780,000 |
| Other assets | 387,586,000 | 390,267,000 |
| Total assets | 6,207,649,000 | 4,687,268,000 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Accounts payable | 18,492,000 | 40,153,000 |
| Accrued expenses and other current liabilities | 148,784,000 | 117,158,000 |
| Accrued compensation and benefits | 150,774,000 | 104,022,000 |
| Accrued income taxes | 19,198,000 | 5,142,000 |
| Deferred acquisition payments | 620,040,000 | 0 |
| Deferred revenue | 631,325,000 | 503,781,000 |
| Short-term lease obligations | 23,042,000 | 22,002,000 |
| Total current liabilities | 1,611,655,000 | 792,258,000 |
| Long-term debt | 1,738,241,000 | 1,350,628,000 |
| Deferred tax liabilities | 35,077,000 | 28,396,000 |
| Deferred revenue | 19,102,000 | 16,552,000 |
| Long-term lease obligations | 171,777,000 | 167,573,000 |
| Other liabilities | 33,133,000 | 35,827,000 |
| Total liabilities | 3,608,985,000 | 2,391,234,000 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 5,000 shares authorized; none issued | 0 | 0 |
| Common stock, $0.01 par value; 500,000 shares authorized; 0 and 117,472 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively | 1,186,000 | 1,175,000 |
| Additional paid-in capital | 1,767,442,000 | 1,720,580,000 |
| Retained earnings | 927,674,000 | 727,737,000 |
| Accumulated other comprehensive loss | (97,638,000) | (153,458,000) |
| Total stockholders’ equity | 2,598,664,000 | 2,296,034,000 |
| Total liabilities and stockholders’ equity | $ 6,207,649,000 | $ 4,687,268,000 |
PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR. The company also provides Onshape, a software-as-a-service product development platform unites computer-aided design with data management, collaboration tools, and real-time analytics; Arena, a PLM solution enables product teams to collaborate virtually anytime and anywhere; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Windchill, a product lifecycle management software. In addition, it offers Integrity, an application lifecycle management solution; Servigistics, service parts management solution; and consulting, implementation, training, cloud, and license and support services. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.