Shares last traded at $60.76 slightly over the 50 day moving average of $57.31 and which is marginally over the 200 day moving average of $55.79. The 50 day moving average was up by +6.01% and the 200 day average moved up $4.97. (NASDAQ:PTC) shares saw light trading volume with 736K shares changing hands by the end of trading on Tuesday. Overall, volume was down 45.38% under the stocks normal daily volume.
Investors are more bullish on PTC Inc. recently if you look at the change in short interest. The company saw a fall in short interest of -12.42% as of the latest report on September 29, 2017. Short shares decreased 733,986 over that period. Days to cover decreased -2.0 to 6.0 and the percentage of shorted shares was 0.04% on September 29.
Here are a few substantial investment firms who have updated their positions. Capital One, National Association expanded its stake by buying 322 shares an increase of 6.1% from 06/30/2017 to 09/30/2017. Capital One, National Association controls 5,599 shares with a value of $315,000. The value of the position overall is up by 8.2%. As of quarter end State Treasurer State Of Michigan had disposed of 4,200 shares trimming its holdings by 8.8%. The value in dollars decreased from $2,626,000 to $2,445,000 a change of 6.9% since the last quarter.
Sit Investment Associates Inc augmented its holdings by buying 10,850 shares an increase of 19.2% as of 09/30/2017. Sit Investment Associates Inc owns 67,500 shares worth $3,799,000. The total value of its holdings increased 21.6%. Robeco Institutional Asset Management B.v. bolstered its ownership by buying 10,520 shares an increase of 7.5%. Robeco Institutional Asset Management B.v. now holds 150,830 shares valued at $8,489,000. The total value of its holdings increased 9.8%.
As of the last earnings report the EPS was $-0.35 and is estimated to be $1.19 for the current year with 115,607,000 shares outstanding. Next quarter’s EPS is forecasted at $0.33 with next year’s EPS anticipated to be $1.46.
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..