Sls Management Lowers stake in PTC Inc (PTC)

PTC Inc (PTC) : Sls Management reduced its stake in PTC Inc by 2.97% during the most recent quarter end. The investment management company now holds a total of 128,247 shares of PTC Inc which is valued at $4.5 Million after selling 3,920 shares in PTC Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.PTC Inc makes up approximately 7.66% of Sls Management’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management reduced its stake in PTC by selling 26,646 shares or 36.97% in the most recent quarter. The Hedge Fund company now holds 45,421 shares of PTC which is valued at $1.6 Million. PTC Inc makes up approx 0.07% of Liberty Mutual Group Asset Management’s portfolio.Tributary Capital Management boosted its stake in PTC in the latest quarter, The investment management firm added 7,981 additional shares and now holds a total of 195,842 shares of PTC Inc which is valued at $7 Million. PTC Inc makes up approx 1.10% of Tributary Capital Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PTC by selling 123 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 342,208 shares of PTC which is valued at $12.5 Million. PTC Inc makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.

PTC Inc closed down -0.25 points or -0.69% at $35.83 with 9,97,764 shares getting traded on Wednesday. Post opening the session at $36.23, the shares hit an intraday low of $35.81 and an intraday high of $36.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Leave a Reply

PTC Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on PTC Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.