Vista Equity Partners Management Lowers stake in PTC Inc (PTC)

PTC Inc (PTC) : Vista Equity Partners Management reduced its stake in PTC Inc by 16.8% during the most recent quarter end. The investment management company now holds a total of 260,659 shares of PTC Inc which is valued at $12,264,006 after selling 52,639 shares in PTC Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.PTC Inc makes up approximately 8.79% of Vista Equity Partners Management’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in PTC in the latest quarter, The investment management firm added 10,230 additional shares and now holds a total of 14,407 shares of PTC Inc which is valued at $685,629. PTC Inc makes up approx 0.04% of Cubist Systematic Strategies’s portfolio.Ifp Advisors Inc boosted its stake in PTC in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 146 shares of PTC Inc which is valued at $6,427. Shell Asset Management Co added PTC to its portfolio by purchasing 12,833 company shares during the most recent quarter which is valued at $608,798. PTC Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio.Nationwide Fund Advisors boosted its stake in PTC in the latest quarter, The investment management firm added 11,063 additional shares and now holds a total of 346,419 shares of PTC Inc which is valued at $16,084,234. PTC Inc makes up approx 0.07% of Nationwide Fund Advisors’s portfolio.

PTC Inc closed down -0.33 points or -0.67% at $48.68 with 13,86,791 shares getting traded on Monday. Post opening the session at $48.95, the shares hit an intraday low of $48.26 and an intraday high of $49.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PTC Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.27. The company had revenue of $288.20 million for the quarter, compared to analysts expectations of $291.50 million. The company’s revenue was down -7.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on PTC Inc. Company shares were Reiterated by RBC Capital Mkts on Nov 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .Company shares were Reiterated by Wedbush on Nov 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $54 .PTC Inc was Initiated by Goldman to “Buy” on Nov 4, 2016.

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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