November 29, 2016 - By Peter Erickson · 0 Comments
PTC Inc (NASDAQ:PTC) institutional sentiment decreased to 1.13 in Q2 2016. Its down -0.20, from 1.33 in 2016Q1. The ratio is negative, as 138 active investment managers increased or started new stock positions, while 104 reduced and sold their stock positions in PTC Inc. The active investment managers in our partner’s database now possess: 107.15 million shares, up from 106.01 million shares in 2016Q1. Also, the number of active investment managers holding PTC Inc in their top 10 stock positions increased from 12 to 14 for an increase of 2. Sold All: 26 Reduced: 78 Increased: 100 New Position: 38.
PTC Inc. develops and delivers technology solutions, which consists of software and services that transform the way the clients create, operate and service their products. The company has a market cap of $5.71 billion. The Firm has two divisions: Software Products and Services. It currently has negative earnings. The Company’s Software Products segment includes license and related support revenue for all of its products except training-related products.
About 712,724 shares traded hands. PTC Inc (NASDAQ:PTC) has risen 33.96% since April 26, 2016 and is uptrending. It has outperformed by 28.70% the S&P500.
Analysts await PTC Inc (NASDAQ:PTC) to report earnings on January, 18. They expect $0.15 EPS, down 59.46% or $0.22 from last year’s $0.37 per share. PTC’s profit will be $17.28M for 82.60 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by PTC Inc for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
According to Zacks Investment Research, “PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company’s Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts.”
Tensile Capital Management Llc holds 15.12% of its portfolio in PTC Inc for 1.66 million shares. P2 Capital Partners Llc owns 1.85 million shares or 11.98% of their US portfolio. Moreover, Sls Management Llc has 10.68% invested in the company for 129,447 shares. The New York-based Praesidium Investment Management Company Llc has invested 7.54% in the stock. Lagoda Investment Management L.P., a New York-based fund reported 495,393 shares.#img1#
Ratings analysis reveals 89% of PTC’s analysts are positive. Out of 9 Wall Street analysts rating PTC, 8 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $37 while the high is $56. The stock’s average target of $45 is -9.18% below today’s ($49.55) share price. PTC was included in 17 notes of analysts from July 30, 2015. The firm has “Outperform” rating given on Wednesday, November 9 by Wedbush. The firm has “Outperform” rating given on Wednesday, November 9 by RBC Capital Markets. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. Goldman Sachs initiated the shares of PTC in a report on Friday, November 4 with “Buy” rating. The stock of PTC Inc (NASDAQ:PTC) has “Overweight” rating given on Thursday, July 30 by Barclays Capital. The stock of PTC Inc (NASDAQ:PTC) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, October 8. Wedbush maintained PTC Inc (NASDAQ:PTC) on Monday, September 21 with “Buy” rating. The rating was maintained by Wedbush with “Outperform” on Thursday, October 27. As per Thursday, October 8, the company rating was initiated by Pacific Crest. Evercore initiated the shares of PTC in a report on Thursday, September 15 with “Buy” rating.
PTC Inc., incorporated on May 13, 1985, develops and delivers technology solutions, which consists of software and services that transform the way the clients create, operate and service their products. The Firm has two divisions: Software Products and Services. The Company’s Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products. The Company’s Services segment includes consulting, implementation, training, cloud services, computer training products, including support on these products, and other services. The Company’s solutions and software products serve the following areas: computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM) and Internet of things (IoT). The Firm is organized into two business units: the Solutions Group, which consists of its CAD, PLM, ALM and SLM business, and the Technology Platform Group, which consists of its IoT, analytics and augmented reality business.
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By Peter Erickson