Nippon Life Global Investors Americas buys $13.1 Million stake in PTC Inc (PTC)

PTC Inc (PTC) : Nippon Life Global Investors Americas scooped up 20,180 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 369,720 shares of PTC Inc which is valued at $13.1 Million.PTC Inc makes up approximately 1.24% of Nippon Life Global Investors Americas’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in PTC in the latest quarter, The investment management firm added 4,271 additional shares and now holds a total of 2,331,953 shares of PTC Inc which is valued at $82.5 Million. PTC Inc makes up approx 0.11% of Oppenheimerfunds’s portfolio. Ridgeworth Capital Management sold out all of its stake in PTC during the most recent quarter. The investment firm sold 332 shares of PTC which is valued $11,746. Archford Capital Strategies sold out all of its stake in PTC during the most recent quarter. The investment firm sold 16 shares of PTC which is valued $566. Cls Investments sold out all of its stake in PTC during the most recent quarter. The investment firm sold 2 shares of PTC which is valued $71.Advantus Capital Management Inc boosted its stake in PTC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 15,439 shares of PTC Inc which is valued at $546,232. PTC Inc makes up approx 0.02% of Advantus Capital Management Inc’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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