PTC Inc. $PTC Position Raised by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in PTC Inc. (NASDAQ:PTC) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 999,713 shares of the technology company’s stock after buying an additional 100,140 shares during the quarter. Franklin Resources Inc.’s holdings in PTC were worth $174,160,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in PTC by 4.1% in the third quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock valued at $1,135,622,000 after buying an additional 221,349 shares during the last quarter. Geode Capital Management LLC lifted its stake in PTC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,570,540 shares of the technology company’s stock valued at $619,901,000 after buying an additional 71,181 shares during the last quarter. Norges Bank bought a new stake in PTC in the fourth quarter valued at $295,399,000. Standard Investments LLC increased its holdings in shares of PTC by 10.4% during the third quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock valued at $321,990,000 after purchasing an additional 150,000 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of PTC by 2.6% during the third quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock valued at $280,145,000 after purchasing an additional 34,663 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho lowered their price target on PTC from $180.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Berenberg Bank set a $170.00 price target on PTC in a report on Wednesday, May 27th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of PTC in a report on Tuesday, May 5th. Wall Street Zen raised PTC from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Finally, Barclays raised their price target on PTC from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.71.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 816 shares of PTC stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $145.82, for a total transaction of $118,989.12. Following the transaction, the chief accounting officer directly owned 1,265 shares of the company’s stock, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corinna Lathan sold 675 shares of PTC stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director directly owned 8,429 shares in the company, valued at approximately $1,325,375.96. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

PTC Price Performance

Shares of PTC opened at $136.97 on Wednesday. The stock’s fifty day moving average is $140.83 and its 200-day moving average is $156.01. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. PTC Inc. has a one year low of $130.89 and a one year high of $219.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 1.23.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million for the quarter, compared to analyst estimates of $712.40 million. PTC had a return on equity of 25.84% and a net margin of 41.81%.PTC’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Equities analysts anticipate that PTC Inc. will post 6.3 EPS for the current year.

PTC Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.