A Reversal for PTC Inc Is Not Near. Professional Options Traders Are Bearish

 A Reversal for PTC Inc Is Not Near. Professional Options Traders Are Bearish

In today’s session PTC Inc (PTC) recorded an unusually high (435) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PTC decrease. With 435 contracts traded and 84354 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PTC161118P00045000 closed last at: $0.55 or 42.1% down. About 265,639 shares traded hands. PTC Inc (NASDAQ:PTC) has risen 46.90% since April 8, 2016 and is uptrending. It has outperformed by 41.25% the S&P500.

PTC Inc (NASDAQ:PTC) Ratings Coverage

Out of 9 analysts covering PTC (NASDAQ:PTC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. $56 is the highest target while $37 is the lowest. The $45 average target is -2.20% below today’s ($46.01) stock price. PTC has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, August 18 by Zacks. The firm earned “Outperform” rating on Wednesday, November 9 by RBC Capital Markets. The stock has “Overweight” rating given by Pacific Crest on Thursday, October 8. Wedbush maintained it with “Outperform” rating and $54 target price in Thursday, October 27 report. Barclays Capital maintained PTC Inc (NASDAQ:PTC) on Thursday, July 30 with “Overweight” rating. The rating was maintained by Wedbush on Monday, September 21 with “Buy”. The firm has “Buy” rating given on Friday, October 7 by Brean Capital. The firm earned “Buy” rating on Friday, November 4 by Goldman Sachs. The stock has “Buy” rating given by Evercore on Thursday, September 15. The firm has “Outperform” rating given on Wednesday, November 9 by Wedbush.

According to Zacks Investment Research, “PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company’s Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.07, from 1.37 in 2016Q1. The ratio worsened, as 25 funds sold all PTC Inc shares owned while 80 reduced positions. 42 funds bought stakes while 94 increased positions. They now own 86.60 million shares or 0.81% more from 85.90 million shares in 2016Q1.
British Columbia Investment Management holds 200,000 shares or 0.07% of its portfolio. D E Shaw & Communications owns 267,167 shares or 0.02% of their US portfolio. Tudor Corp Et Al owns 24,458 shares or 0.02% of their US portfolio. Hbk Investments L P accumulated 59,768 shares or 0.02% of the stock. Royal National Bank Of Canada reported 623,874 shares or 0.01% of all its holdings. Jennison Associate Ltd, a New York-based fund reported 3.59 million shares. Creative Planning last reported 446 shares in the company. Renaissance Techs Limited Co has invested 0% of its portfolio in PTC Inc (NASDAQ:PTC). Scotia Capital holds 10,013 shares or 0.01% of its portfolio. Blackrock Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Archford Strategies Limited Liability Co holds 16 shares or 0% of its portfolio. Nomura Hldgs reported 6,610 shares or 0% of all its holdings. Stifel Financial Corporation accumulated 54,256 shares or 0.01% of the stock. Goldman Sachs Grp Incorporated holds 0.03% or 2.47 million shares in its portfolio. Aqr Ltd Liability Co holds 0.01% of its portfolio in PTC Inc (NASDAQ:PTC) for 95,072 shares.

PTC Inc. develops and delivers technology solutions, which consists of software and services that transform the way the clients create, operate and service their products. The company has a market cap of $5.32 billion. The Firm has two divisions: Software Products and Services. It currently has negative earnings. The Company’s Software Products segment includes license and related support revenue for all of its products except training-related products.

PTC Company Profile

PTC Inc., incorporated on May 13, 1985, develops and delivers technology solutions, which consists of software and services that transform the way the clients create, operate and service their products. The Firm has two divisions: Software Products and Services. The Company’s Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products. The Company’s Services segment includes consulting, implementation, training, cloud services, computer training products, including support on these products, and other services. The Company’s solutions and software products serve the following areas: computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM) and Internet of things (IoT). The Firm is organized into two business units: the Solutions Group, which consists of its CAD, PLM, ALM and SLM business, and the Technology Platform Group, which consists of its IoT, analytics and augmented reality business.

Another recent and important PTC Inc (NASDAQ:PTC) news was published by Fool.com which published an article titled: “Why PTC Therapeutics, Inc. Is Crashing Today” on October 17, 2016.

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