PTC Inc (PTC) is Initiated by Brean Capital to Buy

PTC Inc (PTC) was Initiated by Brean Capital to “Buy”. Brean Capital advised their investors in a research report released on Oct 7, 2016.

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.

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.

PTC Inc opened for trading at $45.34 and hit $45.81 on the upside on Tuesday, eventually ending the session at $45.44, with a gain of 0.73% or 0.33 points. The heightened volatility saw the trading volume jump to 11,15,777 shares. Company has a market cap of $5,224 M.

In a different news, on Oct 4, 2016, Robert Schechter (director) sold 1,136 shares at $45.02 per share price. According to the SEC, on Aug 16, 2016, Matthew Lessner Cohen (EVP, Customer Success) sold 8,000 shares at $42.57 per share price. On Aug 4, 2016, Donald K Grierson (director) sold 5,000 shares at $39.41 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

PTC Inc

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