Victory Capital Management Inc buys $161.5 Million stake in PTC Inc (PTC)

PTC Inc (PTC) : Victory Capital Management Inc scooped up 906,383 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 4,566,069 shares of PTC Inc which is valued at $161.5 Million.PTC Inc makes up approximately 0.69% of Victory Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in PTC by selling 105,800 shares or 39.06% in the most recent quarter. The Hedge Fund company now holds 165,100 shares of PTC which is valued at $5.8 Million. PTC Inc makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Keybank National Associationoh boosted its stake in PTC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 36,555 shares of PTC Inc which is valued at $1.3 Million. PTC Inc makes up approx 0.01% of Keybank National Associationoh’s portfolio. Princeton Alpha Management Lp added PTC to its portfolio by purchasing 13,090 company shares during the most recent quarter which is valued at $465,742. PTC Inc makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.Ramsey Quantitative Systems boosted its stake in PTC in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 17,794 shares of PTC Inc which is valued at $633,111. PTC Inc makes up approx 0.65% of Ramsey Quantitative Systems’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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