Dalton Greiner Hartman Maher Co Lowers stake in PTC Inc (PTC)

PTC Inc (PTC) : Dalton Greiner Hartman Maher Co reduced its stake in PTC Inc by 7.12% during the most recent quarter end. The investment management company now holds a total of 407,156 shares of PTC Inc which is valued at $18,354,592 after selling 31,212 shares in PTC Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.PTC Inc makes up approximately 1.22% of Dalton Greiner Hartman Maher Co’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in PTC by selling 250 shares or 52.85% in the most recent quarter. The Hedge Fund company now holds 223 shares of PTC which is valued at $10,053.Legal General Group Plc boosted its stake in PTC in the latest quarter, The investment management firm added 448 additional shares and now holds a total of 18,689 shares of PTC Inc which is valued at $842,874.Cutler Group Lp reduced its stake in PTC by selling 2,098 shares or 40.38% in the most recent quarter. The Hedge Fund company now holds 3,097 shares of PTC which is valued at $142,400. PTC Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Capital Investment Services Of America boosted its stake in PTC in the latest quarter, The investment management firm added 48,603 additional shares and now holds a total of 303,475 shares of PTC Inc which is valued at $13,941,642. PTC Inc makes up approx 2.67% of Capital Investment Services Of America’s portfolio.

PTC Inc closed down -0.88 points or -1.91% at $45.1 with 7,51,051 shares getting traded on Tuesday. Post opening the session at $45.89, the shares hit an intraday low of $44.65 and an intraday high of $45.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. PTC Inc was Initiated by Brean Capital to “Buy” on Oct 7, 2016. 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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