Moisand Fitzgerald Tamayo Exits Position in PTC Inc (PTC)

PTC Inc (PTC) : Moisand Fitzgerald Tamayo has sold out all of its stake in PTC Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 12 shares of PTC Inc which is valued at $475.

Other Hedge Funds, Including , Essex Investment Management Co added PTC to its portfolio by purchasing 54,895 company shares during the most recent quarter which is valued at $2,211,720. PTC Inc makes up approx 0.35% of Essex Investment Management Co’s portfolio.Curian Capital reduced its stake in PTC by selling 14,673 shares or 63.69% in the most recent quarter. The Hedge Fund company now holds 8,366 shares of PTC which is valued at $320,920. PTC Inc makes up approx 0.02% of Curian Capital’s portfolio.

PTC Inc opened for trading at $40.82 and hit $41.16 on the upside on Monday, eventually ending the session at $41.08, with a gain of 0.64% or 0.26 points. The heightened volatility saw the trading volume jump to 8,42,858 shares. Company has a market cap of $4,709 M.

On the company’s financial health, PTC Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.31. The company had revenue of $288.65 million for the quarter, compared to analysts expectations of $288.47 million. The company’s revenue was down -4.8 % 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. Citigroup Initiated PTC Inc on Aug 1, 2016 to “Buy”, Price Target of the shares are set at $48.

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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