secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001193125-26-107315
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PTC completes Kepware/ThingWorx sale to TPG for $523M, updates guidance, announces $375M ASR
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- Closed divestiture of Kepware and ThingWorx to TPG; received $523M cash, net after-tax proceeds ~$375M.
- FY'26 updated guidance: operating cash flow ~$880M, free cash flow ~$850M, revenue $2.54B–$2.805B.
- Plans $375M accelerated share repurchase in Q2'26; total FY'26 buyback expected $1.125B–$1.325B.
- Q2'26 GAAP EPS guidance $4.09–$4.74, Non-GAAP EPS $1.87–$2.47; revenue $685M–$745M.
- Constant currency ARR growth (ex-Kepware/ThingWorx) unchanged at 7.5%–9.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000119312526107315/0001193125-26-107315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000119312526107315/ptc-20260316.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-107315

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer