Baird analyst Rob Oliver attended PTC's (PTC) analyst day, where he said several meaningful announcements were made. The analyst noted 2023 targets were introduced, management tweaked up 2021 targets, a new partnership with Ansys (ANSS) was announced, and there was additional color given on the Rockwell Automation (ROK) partnership. Oliver reiterated his Outperform rating and raised his price target to $110 from $103 on PTC shares following the analyst event.

Ansys (ANSS) announced a collaboration with TSMC (TSM) on multiphysics software for TSMC's Compact Universal Photonic Engines. COUPE is a cutting-edge Silicon Photonics integration system and Co-Packaged Optics platform that mitigates coupling loss while significantly accelerating chip-to-chip and machine-to-machine communication. TSMC COUPE, along with Ansys multiphysics solutions that are integrated with Synopsys' 3DIC Compiler unified exploration-to-signoff platform, enables the next generation of silicon photonics and co-packaged optics designs for applications in AI, datacenter, cloud, and HPC communications. The work spans multiple areas, including fiber-to-chip coupling, integrated electronic-photonic chip design, power integrity verification, high-frequency electromagnetic analysis, and critical thermal management.