PTC (NASDAQ:PTC) Rating Cut
New York-listed PTC (NASDAQ:PTC), was decreased by equity research analysts at JPMorgan. JPMorgan decreased its rating on the $7.59 billion market cap company to Neutral from a previous Overweight.
Despite the rating downgrade NASDAQ:PTC is at the moment trading 0.35% higher at $65.69 as of 4:05 PM New York time. PTC shares have [From2] 0% in the past 200 days, while the S&P500 has increased 6.00% in the same time.
Tensile Capital Management Llc had the biggest stake with ownership of 1.49M shares as of q2 2015 for 14.92% of the Stock exposure. Praesidium Investment Management Company Llc is another very bullish investment manager who is having 2.31M shares of PTC or 8.69% of their stock exposure. Also, Palestra Capital Management Llc have 7.43% of their stock exposure invested in the company for 1.76M shares. The New York-based fund Lagoda Investment Management L.P. revealed it had bought a stake worth about 6.78% of the investment manager’s stock portfolio in PTC. The New York-based fund Sls Management Llc is also positive about the stock, possessing 508,763 shares or 5.64% of their stock exposure.
PTC (NASDAQ:PTC) Profile
PTC Inc. 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. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
PTC (NASDAQ:PTC) traded up 0.35% on 12 December, hitting $65.69. A total of 657,585 shares of the company’s stock traded hands. This is down from average of 1.06 million shares. PTC has a 52 week low of $45.57 and a 52 week high of $67.12. The company has a market cap of $7.59 billion and a P/E ratio of 1276.28.
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