Clovis Capital Management Lp buys $15.1 Million stake in PTC Inc (PTC)

PTC Inc (PTC) : Clovis Capital Management Lp scooped up 140,047 additional shares in PTC Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 425,636 shares of PTC Inc which is valued at $15.1 Million.PTC Inc makes up approximately 10.34% of Clovis Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Robecosam Usa boosted its stake in PTC in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 12,000 shares of PTC Inc which is valued at $424,560. PTC Inc makes up approx 0.54% of Robecosam Usa’s portfolio.Blackrock Investment Management reduced its stake in PTC by selling 29,329 shares or 7.1% in the most recent quarter. The Hedge Fund company now holds 383,868 shares of PTC which is valued at $13.6 Million. PTC Inc makes up approx 0.02% of Blackrock Investment Management’s portfolio. American Century Companies Inc sold out all of its stake in PTC during the most recent quarter. The investment firm sold 83,933 shares of PTC which is valued $3 Million. Checchi Capital Advisers added PTC to its portfolio by purchasing 815 company shares during the most recent quarter which is valued at $28,998. PTC Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Retirement Systems Of Alabama boosted its stake in PTC in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 147,684 shares of PTC Inc which is valued at $5.4 Million. PTC Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.

PTC Inc opened for trading at $35.06 and hit $35.7 on the upside on Friday, eventually ending the session at $35.66, with a gain of 1.94% or 0.68 points. The heightened volatility saw the trading volume jump to 6,70,177 shares. Company has a market cap of $4,087,456 M.

On the company’s financial health, PTC Inc reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.37. The company had revenue of $273.70 million for the quarter, compared to analysts expectations of $292.03 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

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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