Capital Investment Services Of America buys $13,941,642 stake in PTC Inc (PTC)

PTC Inc (PTC) : Capital Investment Services Of America scooped up 48,603 additional shares in PTC Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 303,475 shares of PTC Inc which is valued at $13,941,642.PTC Inc makes up approximately 2.67% of Capital Investment Services Of America’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in PTC in the latest quarter, The investment management firm added 6,084 additional shares and now holds a total of 16,714 shares of PTC Inc which is valued at $767,841. PTC Inc makes up approx 0.10% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PTC by selling 34,771 shares or 76.77% in the most recent quarter. The Hedge Fund company now holds 10,519 shares of PTC which is valued at $482,717.Independent Portfolio Consultants reduced its stake in PTC by selling 220 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 18,470 shares of PTC which is valued at $847,588. PTC Inc makes up approx 0.27% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added PTC to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $734.

PTC Inc closed down -0.31 points or -0.67% at $45.94 with 5,79,783 shares getting traded on Friday. Post opening the session at $46.5, the shares hit an intraday low of $45.635 and an intraday high of $46.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. PTC Inc was Initiated by Brean Capital to “Buy” on Oct 7, 2016. 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.

Leave a Reply

PTC Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on PTC Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.