Company shares last traded at $66.45 which is quite a bit above the 50 day moving average which is $58.67 and significantly above the 200 day moving average of $56.28. The 50 day moving average was up by +13.27% and the 200 day average went up $10.17 or +18.07%. Trading volume for PTC Inc. was 970K by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 26.75% under the normal average daily volume.
Investors are feeling more bearish on shares of PTC Inc. recently if you take into consideration the uptick in short interest. The firm experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 1.34%. Short shares increased from 5,176,939 to 5,246,513 over that timeframe. Days to cover decreased -1.0 to 5.0 and the percentage of shorted shares was 0.05% on October 13.
The following firms have recently changed their position in PTC. Aperio Group, LLC expanded its stake by buying 1,551 shares an increase of 6.0% in the quarter. Aperio Group, LLC claims 27,341 shares valued at $1,539,000. The total value of its holdings increased 8.2%. As of the end of the quarter Sumitomo Mitsui Asset Management Company, Ltd had acquired 361,485 shares growing its stake by 49.8%. The value of the company’s investment in PTC Inc. went from $40,038,000 to $61,225,000 increasing 52.9% for the reporting period.
State Of New Jersey Common Pension Fund D divested its position by shedding 370,000 shares a decrease of 24.4%. State Of New Jersey Common Pension Fund D now controls 1,148,800 shares worth $64,654,000. The value of the position overall is down by 22.8%. As of quarter end IFC Holdings Incorporated/fl had sold a total of 2 shares trimming its position 0.0%. The value of the investment in PTC increased from $231,000 to $240,000 a change of 3.9% quarter to quarter.
October 26 investment analysts at Barclays kept the stock rating at “Overweight” but raised the price expectation to $69.00 from $41.00. On October 26 KeyBanc left the company rating at “Overweight” and moved up the price target from $40.00 to $74.00.
In the last earnings report the EPS was $-0.35 and is projected to be $1.36 for the current year with 115,607,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.33 with next year’s EPS anticipated to be $1.96.
PTC Inc., launched on May 13, 1985, is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. The Company also offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications. The Business’s segments include the Solutions Group, the IoT Group and Professional Services. The Solutions Group segment includes its CAD, PLM and SLM products. The IoT Group segment includes its IoT, analytics and augmented reality (AR) solutions. The Professional Services segment includes consulting, implementation and training business..