Franklin Resources Inc. Boosts Stake in PTC Inc. (NASDAQ:PTC)

Franklin Resources Inc. raised its position in shares of PTC Inc. (NASDAQ:PTC) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,192,272 shares of the technology company’s stock after acquiring an additional 13,468 shares during the period. Franklin Resources Inc. owned approximately 1.00% of PTC worth $208,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PTC. Vanguard Group Inc. boosted its position in shares of PTC by 6.6% in the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after buying an additional 859,227 shares during the period. Invesco Ltd. boosted its position in shares of PTC by 5.8% in the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock worth $353,459,000 after buying an additional 137,100 shares during the period. FMR LLC boosted its position in shares of PTC by 6.0% in the third quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock worth $281,823,000 after buying an additional 113,037 shares during the period. Northern Trust Corp lifted its stake in shares of PTC by 15.6% in the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after acquiring an additional 168,917 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of PTC by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,037,724 shares of the technology company’s stock worth $181,560,000 after acquiring an additional 26,761 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent analyst reports. Mizuho cut their price target on PTC from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. BMO Capital Markets upped their price objective on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Oppenheimer upped their price objective on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays upped their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.64.

PTC Price Performance

NASDAQ PTC traded up $0.97 on Wednesday, reaching $183.64. 85,099 shares of the stock traded hands, compared to its average volume of 830,511. The firm’s fifty day simple moving average is $182.48 and its 200 day simple moving average is $175.03. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 76.43, a P/E/G ratio of 3.46 and a beta of 1.19. PTC Inc. has a 12 month low of $129.47 and a 12 month high of $194.24.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The business had revenue of $603.07 million during the quarter, compared to analyst estimates of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. As a group, research analysts predict that PTC Inc. will post 3.48 EPS for the current fiscal year.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.