Deltec Asset Management adds PTC Inc (PTC) to its portfolio

PTC Inc (PTC) : Deltec Asset Management added new position in PTC Inc during the most recent quarter end. The investment management firm now holds 20,000 shares of PTC Inc which is valued at $805,800 , the company said in a statement filed on Jul 26, 2016 with the SEC.PTC Inc makes up approximately 0.19% of Deltec Asset Management’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in PTC by selling 1,300 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 30,500 shares of PTC which is valued at $1,228,845. PTC Inc makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.First National Bank Of Omaha boosted its stake in PTC in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 56,375 shares of PTC Inc which is valued at $2,230,195. PTC Inc makes up approx 0.17% of First National Bank Of Omaha’s portfolio.Capital Investment Services Of America boosted its stake in PTC in the latest quarter, The investment management firm added 2,825 additional shares and now holds a total of 254,872 shares of PTC Inc which is valued at $9,776,890. PTC Inc makes up approx 1.84% of Capital Investment Services Of America’s portfolio.

PTC Inc closed down -0.38 points or -0.95% at $39.73 with 12,30,884 shares getting traded on Friday. Post opening the session at $40.22, the shares hit an intraday low of $39.19 and an intraday high of $40.2232 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, PTC Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.31. The company had revenue of $288.65 million for the quarter, compared to analysts expectations of $288.47 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on PTC Inc. Citigroup Initiated PTC Inc on Aug 1, 2016 to “Buy”, Price Target of the shares are set at $48.

PTC Inc. develops and delivers technology solutions comprised of software and services that transform the way customers create and service their products The Company operates in two Software Products which includes license and related support revenue for all its products except training-related products and Services which includes consulting implementation training and license and support revenue for computer-based training products. The Company’s solutions and software products include Computer-Aided Design (CAD) Product Lifecycle Management (PLM) Application Lifecycle Management (ALM) Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses support and services.

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