As Ptc INC (PTC) Share Price Rose, Holder Cramer Rosenthal Mcglynn LLC Trimmed Position by $33.75 Million

July 18, 2017 - By Marie Mckinney

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.10, from 1.07 in 2016Q3. It is positive, as 23 investors sold PTC shares while 102 reduced holdings. 61 funds opened positions while 85 raised stakes. 84.68 million shares or 5.71% less from 89.80 million shares in 2016Q3 were reported. 8,000 were accumulated by Wall Street Assoc. Fil Limited owns 309,306 shares. Tower Research Cap Lc (Trc) owns 2,015 shares. Td Asset Mngmt invested 0.04% in PTC Inc (NASDAQ:PTC). Rice Hall James & Assocs Limited Company owns 456,989 shares or 1.07% of their US portfolio. Teton Advsr reported 16,646 shares. Raymond James stated it has 0.02% in PTC Inc (NASDAQ:PTC). Atlantic Tru Gp Limited Liability owns 229,770 shares. Washington Comml Bank reported 16 shares. 40 North Management Ltd Liability invested in 650,000 shares or 5.5% of the stock. 409,471 are held by Morgan Stanley. First Personal Fincl Services reported 694 shares. Ci Invests reported 42,475 shares. 2.10M were accumulated by Eagle Asset Mngmt. Moreover, State Of Wisconsin Board has 0.03% invested in PTC Inc (NASDAQ:PTC) for 132,134 shares.

Cramer Rosenthal Mcglynn Llc decreased its stake in Ptc Inc (PTC) by 24.15% based on its latest 2016Q4 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc sold 733,764 shares as the company’s stock rose 1.36% with the market. The institutional investor held 2.30 million shares of the prepackaged software company at the end of 2016Q4, valued at $106.62 million, down from 3.04M at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Ptc Inc for a number of months, seems to be less bullish one the $6.72B market cap company. The stock decreased 0.98% or $0.57 during the last trading session, reaching $57.49. About shares traded. PTC Inc (NASDAQ:PTC) has risen 57.23% since July 18, 2016 and is uptrending. It has outperformed by 40.53% the S&P500.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64B and $6.74 billion US Long portfolio, upped its stake in Aramark (NYSE:ARMK) by 255,320 shares to 1.31M shares, valued at $46.95M in 2016Q4, according to the filing. It also increased its holding in Cbs Corp Class B (NYSE:CBS) by 92,170 shares in the quarter, for a total of 406,999 shares, and has risen its stake in Investment Technolgy Group (NYSE:ITG).

Investors wait PTC Inc (NASDAQ:PTC) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.17 earnings per share, down $0.02 or 10.53 % from last year’s $0.19 same quarter earnings. This translates into $19.87 million profit for PTC giving the stock a 84.54 P/E. This is assuming the current $0.17 EPS is accurate. PTC Inc’s Wall Street analysts see 41.67 % EPS growth, taking into account the $0.12 EPS reproted in the previous quarter,

More news for PTC Inc (NASDAQ:PTC) were recently published by: Streetinsider.com, which released: “Goldman Sachs Starts PTC Inc. (PTC) at Neutral” on July 17, 2017. Fool.com‘s article titled: “Here’s Why PTC Therapeutics, Inc. Popped 45.2% in June” and published on July 08, 2017 is yet another important article.

PTC Inc (NASDAQ:PTC) Ratings Coverage

Among 10 analysts covering PTC (NASDAQ:PTC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. PTC has $65 highest and $37 lowest target. $50.50’s average target is -12.16% below currents $57.49 stock price. PTC had 21 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of PTC Inc (NASDAQ:PTC) earned “Buy” rating by Brean Capital on Friday, October 7. As per Thursday, October 8, the company rating was initiated by KeyBanc Capital Markets. Wedbush maintained PTC Inc (NASDAQ:PTC) on Thursday, January 19 with “Outperform” rating. On Wednesday, November 9 the stock rating was maintained by Wedbush with “Outperform”. The stock of PTC Inc (NASDAQ:PTC) has “Buy” rating given on Friday, November 4 by Goldman Sachs. The company was maintained on Thursday, July 30 by Barclays Capital. Wedbush maintained the shares of PTC in report on Monday, September 21 with “Buy” rating. Zacks downgraded PTC Inc (NASDAQ:PTC) on Tuesday, August 18 to “Hold” rating. CLSA initiated the shares of PTC in report on Thursday, August 6 with “Outperform” rating. The company was maintained on Wednesday, November 9 by RBC Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.