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PTC Sells ThingWorx and Kepware for $600 Million

Story Highlights
  • PTC Inc. agreed to sell its ThingWorx and Kepware businesses for $600 million.
  • The sale is part of PTC’s strategy to streamline its portfolio and is set to close by February 1, 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PTC Sells ThingWorx and Kepware for $600 Million

Meet Your ETF AI Analyst

The latest update is out from PTC ( (PTC) ).

On November 5, 2025, PTC Inc. entered into an Asset Purchase Agreement with Parrot US Buyer, L.P., an entity controlled by TPG Global, LLC, to sell its ThingWorx and Kepware businesses for $600 million in cash, with potential additional contingent consideration of up to $125 million. The agreement includes various conditions and adjustments related to working capital, indebtedness, and financial performance metrics, and is set to close by February 1, 2026, subject to regulatory approvals and other conditions. This transaction is part of PTC’s strategic efforts to streamline its portfolio, although it is not subject to shareholder approval or financing conditions, and includes indemnification agreements for certain liabilities post-closing.

The most recent analyst rating on (PTC) stock is a Buy with a $233.00 price target. To see the full list of analyst forecasts on PTC stock, see the PTC Stock Forecast page.

Spark’s Take on PTC Stock

According to Spark, TipRanks’ AI Analyst, PTC is a Outperform.

PTC’s overall stock score is driven by strong financial performance and a positive earnings call, highlighting growth in ARR and strategic advancements. However, the high valuation and mixed technical indicators temper the outlook. The company’s resilience in the face of macroeconomic challenges and strategic focus on digital transformation and AI integration support its long-term growth potential.

To see Spark’s full report on PTC stock, click here.

More about PTC

Average Trading Volume: 775,496

Technical Sentiment Signal: Buy

Current Market Cap: $23B

See more data about PTC stock on TipRanks’ Stock Analysis page.

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