New Jersey Better Educational Savings Trust buys $949,200 stake in PTC Inc (PTC)

PTC Inc (PTC) : New Jersey Better Educational Savings Trust scooped up 1,000 additional shares in PTC Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 24,000 shares of PTC Inc which is valued at $949,200.PTC Inc makes up approximately 0.61% of New Jersey Better Educational Savings Trust’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in PTC during the most recent quarter. The investment firm sold 13,734 shares of PTC which is valued $543,180.Cambiar Investors reduced its stake in PTC by selling 1,624 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 111,997 shares of PTC which is valued at $4,512,359. PTC Inc makes up approx 0.06% of Cambiar Investors’s portfolio.Diversified Trust Co boosted its stake in PTC in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 8,650 shares of PTC Inc which is valued at $348,509. PTC Inc makes up approx 0.05% of Diversified Trust Co’s portfolio. Manchester Capital Management sold out all of its stake in PTC during the most recent quarter. The investment firm sold 2,465 shares of PTC which is valued $99,956.Dalton Greiner Hartman Maher Co boosted its stake in PTC in the latest quarter, The investment management firm added 1,395 additional shares and now holds a total of 438,368 shares of PTC Inc which is valued at $16,780,727. PTC Inc makes up approx 1.00% of Dalton Greiner Hartman Maher Co’s portfolio.

PTC Inc opened for trading at $40.82 and hit $41.16 on the upside on Monday, eventually ending the session at $41.08, with a gain of 0.64% or 0.26 points. The heightened volatility saw the trading volume jump to 8,42,858 shares. Company has a market cap of $4,709 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 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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