PTC Inc (PTC) : Lapides Asset Management reduced its stake in PTC Inc by 4.66% during the most recent quarter end. The investment management company now holds a total of 554,600 shares of PTC Inc which is valued at $23,099,090 after selling 27,100 shares in PTC Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.PTC Inc makes up approximately 3.80% of Lapides Asset Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc added PTC to its portfolio by purchasing 88,662 company shares during the most recent quarter which is valued at $3,692,772. PTC Inc makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio. Washington Capital Management Inc added PTC to its portfolio by purchasing 10,500 company shares during the most recent quarter which is valued at $428,610. PTC Inc makes up approx 0.58% of Washington Capital Management Inc’s portfolio.Great West Life Assurance Co Can boosted its stake in PTC in the latest quarter, The investment management firm added 54,205 additional shares and now holds a total of 66,641 shares of PTC Inc which is valued at $2,635,652. PTC Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Winslow Evans Crocker boosted its stake in PTC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 8 shares of PTC Inc which is valued at $324.
PTC Inc opened for trading at $41.67 and hit $42.99 on the upside on Monday, eventually ending the session at $42.64, with a gain of 2.35% or 0.98 points. The heightened volatility saw the trading volume jump to 12,12,448 shares. Company has a market cap of $4,902 M.
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 Companys 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.