Evercore ISI Group Initiates Coverage on PTC Inc to Buy

Evercore ISI Group Initiates Coverage on PTC Inc(NASDAQ:PTC). The shares have been rated Buy. The rating by Evercore ISI Group was issued on Sep 15, 2016.

In a different note, Evercore ISI said it Initiates Coverage on PTC Inc, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Buy’ by the firm. Citigroup said it Initiates Coverage on PTC Inc, according to a research note issued on Aug 1, 2016. The shares have been rated ‘Buy’ by the firm.

PTC Inc (PTC) shares turned negative on Tuesdays trading session with the shares closing down -0.06 points or -0.14% at a volume of 4,12,852. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.8. The peak price level was also seen at $43.8 while the days lowest was $43.32. Finally the shares closed at $43.33. The 52-week high of the shares is $43.96 while the 52-week low is $27.06. According to the latest information available, the market cap of the company is $4,981 M.

PTC Inc(PTC) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $289.68M. Analysts had an estimated revenue of $287.93M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Matthew Lessner Cohen (EVP, Customer Success) sold 8,000 shares at $42.57 per share price.Also, On Aug 4, 2016, Donald K Grierson (director) sold 5,000 shares at $39.41 per share price.On Aug 2, 2016, Robert C Gremley (EVP, Group President TPG) sold 3,976 shares at $40.43 per share price, according to the Form-4 filing with the securities and exchange commission.

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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