Fernbridge Capital Management LP Has $278.48 Million Holdings in PTC Inc. (NASDAQ:PTC)

Fernbridge Capital Management LP boosted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,514,569 shares of the technology company's stock after purchasing an additional 85,564 shares during the quarter. PTC comprises approximately 14.6% of Fernbridge Capital Management LP's investment portfolio, making the stock its 2nd largest position. Fernbridge Capital Management LP owned about 1.26% of PTC worth $278,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Aster Capital Management DIFC Ltd acquired a new position in shares of PTC in the 4th quarter worth approximately $30,000. Allworth Financial LP grew its stake in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Assetmark Inc. raised its position in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of PTC in the 4th quarter valued at about $77,000. Finally, Smartleaf Asset Management LLC grew its position in shares of PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded up $3.81 during trading on Friday, reaching $160.15. 456,018 shares of the company were exchanged, compared to its average volume of 875,080. The company has a market cap of $19.27 billion, a P/E ratio of 49.54, a PEG ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock's 50 day moving average price is $153.56 and its 200 day moving average price is $175.54. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the prior year, the company earned $1.46 EPS. PTC's revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PTC. Citigroup lowered their price target on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Oppenheimer cut their target price on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus dropped their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Piper Sandler reduced their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $187.15.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by company 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.