Franklin Resources Inc. Trims Stock Position in PTC Inc. (NASDAQ:PTC)

Franklin Resources Inc. decreased its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,884 shares of the technology company's stock after selling 40,953 shares during the quarter. Franklin Resources Inc. owned about 0.88% of PTC worth $194,145,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares during the last quarter. Assetmark Inc. raised its stake in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in PTC during the 4th quarter worth approximately $77,000. Smartleaf Asset Management LLC grew its stake in shares of PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after purchasing an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of PTC in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded down $9.76 during trading hours on Friday, hitting $139.77. The stock had a trading volume of 1,244,232 shares, compared to its average volume of 862,770. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 1-year low of $139.66 and a 1-year high of $203.09. The stock's fifty day moving average is $166.16 and its two-hundred day moving average is $180.24.

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PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PTC shares. KeyCorp increased their price target on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Citigroup cut their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.09.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by corporate insiders.

About PTC

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.