P.r. Herzig buys $1,434,525 stake in PTC Inc (PTC)

PTC Inc (PTC) : P.r. Herzig scooped up 400 additional shares in PTC Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 38,750 shares of PTC Inc which is valued at $1,434,525.PTC Inc makes up approximately 3.06% of P.r. Herzig’s portfolio.

PTC Inc closed down -0.53 points or -1.41% at $37.02 with 18,57,776 shares getting traded on Friday. Post opening the session at $37.41, the shares hit an intraday low of $36.54 and an intraday high of $37.6556 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Hellman Jordan Management Co Inc reduced its stake in PTC by selling 117,054 shares or 82.41% in the most recent quarter. The Hedge Fund company now holds 24,990 shares of PTC which is valued at $925,130. PTC Inc makes up approx 2.24% of Hellman Jordan Management Co Inc’s portfolio. Lenox Wealth Advisors sold out all of its stake in PTC during the most recent quarter. The investment firm sold 27 shares of PTC which is valued $899.British Columbia Investment Management Corp boosted its stake in PTC in the latest quarter, The investment management firm added 19,158 additional shares and now holds a total of 200,000 shares of PTC Inc which is valued at $6,476,000. PTC Inc makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio. Proficio Capital Partners added PTC to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $291.Capital Investment Services Of America boosted its stake in PTC in the latest quarter, The investment management firm added 15,854 additional shares and now holds a total of 252,047 shares of PTC Inc which is valued at $8,161,282. PTC Inc makes up approx 1.57% of Capital Investment Services Of America’s portfolio.

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.

Many Wall Street Analysts have commented on PTC Inc. PTC Inc was Upgraded by Sterne Agee CRT to ” Buy” on Feb 1, 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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