P2 Capital Partners Lowers stake in PTC Inc (PTC)

PTC Inc (PTC) : P2 Capital Partners reduced its stake in PTC Inc by 7.3% during the most recent quarter end. The investment management company now holds a total of 1,853,978 shares of PTC Inc which is valued at $77,236,723 after selling 146,022 shares in PTC Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PTC Inc makes up approximately 12.20% of P2 Capital Partners’s portfolio.

Other Hedge Funds, Including , Golden Gate Private Equity sold out all of its stake in PTC during the most recent quarter. The investment firm sold 167,684 shares of PTC which is valued $6,985,715.Bronfman E.l. Rothschild boosted its stake in PTC in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 578 shares of PTC Inc which is valued at $24,079.Symphony Asset Management boosted its stake in PTC in the latest quarter, The investment management firm added 24,878 additional shares and now holds a total of 89,964 shares of PTC Inc which is valued at $3,747,900. PTC Inc makes up approx 0.67% of Symphony Asset Management’s portfolio.Lapides Asset Management reduced its stake in PTC by selling 27,100 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 554,600 shares of PTC which is valued at $23,099,090. PTC Inc makes up approx 3.80% of Lapides Asset Management’s portfolio.Oxford Asset Management boosted its stake in PTC in the latest quarter, The investment management firm added 22,691 additional shares and now holds a total of 36,493 shares of PTC Inc which is valued at $1,519,933. PTC Inc makes up approx 0.06% of Oxford Asset Management’s portfolio.

PTC Inc opened for trading at $42.62 and hit $42.86 on the upside on Thursday, eventually ending the session at $42.84, with a gain of 0.40% or 0.17 points. The heightened volatility saw the trading volume jump to 7,01,056 shares. Company has a market cap of $4,925 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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