PTC Inc. (NASDAQ:PTC) is Fernbridge Capital Management LP's 2nd Largest Position

Fernbridge Capital Management LP boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,514,569 shares of the technology company's stock after purchasing an additional 85,564 shares during the period. PTC comprises approximately 14.6% of Fernbridge Capital Management LP's holdings, making the stock its 2nd largest position. Fernbridge Capital Management LP owned approximately 1.26% of PTC worth $278,484,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Raymond James Financial Inc. bought a new stake in PTC in the fourth quarter worth approximately $146,712,000. Norges Bank acquired a new position in shares of PTC during the 4th quarter worth $128,852,000. Commerce Bank raised its holdings in shares of PTC by 557.8% during the 4th quarter. Commerce Bank now owns 311,841 shares of the technology company's stock valued at $57,338,000 after purchasing an additional 264,437 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of PTC by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after purchasing an additional 240,080 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Trading Up 1.6 %

Shares of PTC opened at $154.03 on Friday. The stock's 50-day moving average price is $154.42 and its 200 day moving average price is $176.28. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 47.54, a P/E/G ratio of 2.27 and a beta of 1.17. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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, research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on PTC shares. Robert W. Baird increased their target price on shares of PTC from $181.00 to $185.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. BMO Capital Markets lowered their price objective on PTC from $220.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. KeyCorp reduced their target price on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays lowered their price target on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average target price of $190.38.

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.

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