What’s Propelling PTC Inc to Increase So Much?

 What's Propelling PTC Inc to Increase So Much?

In today’s session PTC Inc (PTC) registered an unusually high (1,252) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious PTC increase. With 1,252 contracts traded and 17134 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: PTC170120C00050000 closed last at: $2.1 or 5% up. About 235,126 shares traded hands. PTC Inc (NASDAQ:PTC) has risen 32.80% since April 28, 2016 and is uptrending. It has outperformed by 26.87% the S&P500.

Analysts await PTC Inc (NASDAQ:PTC) to report earnings on January, 18. They expect $0.15 EPS, down 59.46% or $0.22 from last year’s $0.37 per share. PTC’s profit will be $17.03 million for 78.83 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by PTC Inc for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

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 -4.86% below today’s ($47.3) stock price. PTC has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Wedbush on Monday, September 21. The stock of PTC Inc (NASDAQ:PTC) has “Outperform” rating given on Wednesday, November 9 by Wedbush. The rating was initiated by Pacific Crest with “Overweight” on Thursday, October 8. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Thursday, October 8. Barclays Capital maintained PTC Inc (NASDAQ:PTC) on Thursday, July 30 with “Overweight” rating. The company was maintained on Wednesday, November 9 by RBC Capital Markets. The company was initiated on Friday, October 7 by Brean Capital. Zacks downgraded the shares of PTC in a report on Tuesday, August 18 to “Hold” rating. As per Wednesday, September 9, the company rating was initiated by Sterne Agee CRT. The company was maintained on Thursday, October 27 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 1.07 in 2016 Q2. Its down 0.23, from 1.3 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.
Moreover, Ci Invests has 0.01% invested in PTC Inc (NASDAQ:PTC) for 17,900 shares. State Of New Jersey Common Pension Fund D has 0.35% invested in the company for 2.05 million shares. Thompson Davis & last reported 0.13% of its portfolio in the stock. P2 Cap Prtnrs Lc holds 11.98% or 1.85M shares in its portfolio. Stifel Fincl Corporation last reported 0.01% of its portfolio in the stock. Champlain Inv Prns Ltd Llc reported 1.67 million shares or 1.08% of all its holdings. Kennedy Cap Mngmt Inc has 0.12% invested in the company for 152,763 shares. Robecosam Usa has 0.32% invested in the company for 6,800 shares. Hhr Asset Mgmt Lc has 868,443 shares for 1.66% of their US portfolio. Visium Asset Mngmt L P accumulated 239,255 shares or 0.63% of the stock. Millennium Mngmt Ltd Limited Liability Company has invested 0.12% of its portfolio in PTC Inc (NASDAQ:PTC). Morgan Stanley holds 0% of its portfolio in PTC Inc (NASDAQ:PTC) for 14 shares. Paradigm Capital Management New York last reported 0.18% of its portfolio in the stock. Fortaleza Asset Mgmt holds 90 shares or 0% of its portfolio. Segall Bryant And Hamill Limited Liability holds 0.62% of its portfolio in PTC Inc (NASDAQ:PTC) for 621,633 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 $5.37 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.

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