PTC Inc (PTC) : Thrax Management added new position in PTC Inc during the most recent quarter end. The investment management firm now holds 136,124 shares of PTC Inc which is valued at $5,670,926 , the company said in a statement filed on Aug 12, 2016 with the SEC.PTC Inc makes up approximately 1.66% of Thrax Management’s portfolio.
Other Hedge Funds, Including , State Of Wisconsin Investment Board added PTC to its portfolio by purchasing 10,230 company shares during the most recent quarter which is valued at $426,182.Canada Pension Plan Investment Board reduced its stake in PTC by selling 121,500 shares or 73.59% in the most recent quarter. The Hedge Fund company now holds 43,600 shares of PTC which is valued at $1,816,376. PTC Inc makes up approx 0.01% of Canada Pension Plan Investment Board’s portfolio.Retirement Systems Of Alabama boosted its stake in PTC in the latest quarter, The investment management firm added 173 additional shares and now holds a total of 147,857 shares of PTC Inc which is valued at $5,957,159. PTC Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in PTC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 20,070 shares of PTC Inc which is valued at $768,280. PTC Inc makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.
PTC Inc opened for trading at $42.29 and hit $42.85 on the upside on Monday, eventually ending the session at $42.56, with a gain of 0.57% or 0.24 points. The heightened volatility saw the trading volume jump to 6,03,857 shares. Company has a market cap of $4,893 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.