As Ptc INC (PTC) Share Price Rose, Cramer Rosenthal Mcglynn LLC Decreased by $33.75 Million Its Holding

July 18, 2017 - By Migdalia James

Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.10, from 1.07 in 2016Q3. It improved, 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. Georgia-based Voya Investment Mgmt Ltd Liability Corporation has invested 0.01% in PTC Inc (NASDAQ:PTC). Moreover, Victory Cap Inc has 0.18% invested in PTC Inc (NASDAQ:PTC). Cowen Grp Inc Inc has invested 0.04% in PTC Inc (NASDAQ:PTC). Amalgamated Bank invested 0.04% in PTC Inc (NASDAQ:PTC). Highvista Strategies Ltd has 65,000 shares. First Quadrant Ltd Partnership Ca stated it has 0.01% of its portfolio in PTC Inc (NASDAQ:PTC). American Intl Grp owns 222,758 shares. Eam Investors Ltd Liability, a California-based fund reported 53,205 shares. Cipher Cap Ltd Partnership owns 0.21% invested in PTC Inc (NASDAQ:PTC) for 66,620 shares. Wright Invsts, a Connecticut-based fund reported 14,570 shares. Stifel Fincl holds 0.01% or 50,618 shares. 220 were reported by Brown Brothers Harriman & Commerce. 43,700 were accumulated by Point72 Asset Mgmt Lp. Rice Hall James Associate holds 1.07% or 456,989 shares. Commerce National Bank & Trust owns 5,700 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 $6.72 billion 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 $6.74B US Long portfolio, upped its stake in Treehouse Foods Inc (NYSE:THS) by 751,652 shares to 1.34M shares, valued at $96.83 million in 2016Q4, according to the filing. It also increased its holding in Hewlett Packard Enterprise by 1.26 million shares in the quarter, for a total of 1.44M shares, and has risen its stake in W.R. Grace & Co (NYSE:GRA).

Wall Street await PTC Inc (NASDAQ:PTC) to release earnings on July, 19. Analysts forecast earnings per share of $0.17, down exactly $0.02 or 10.53 % from 2014’s $0.19 EPS. The expected PTC’s profit could reach $19.87 million giving the stock 84.54 P/E in the case that $0.17 earnings per share is reported. After posting $0.12 EPS for the previous quarter, PTC Inc’s analysts now forecast 41.67 % EPS growth.

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. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Wedbush given on Thursday, October 27. The firm has “Buy” rating by Evercore given on Thursday, September 15. The firm has “Hold” rating by Zacks given on Tuesday, August 18. As per Wednesday, November 9, the company rating was maintained by Wedbush. Sterne Agee CRT initiated the shares of PTC in report on Wednesday, September 9 with “Neutral” rating. The stock of PTC Inc (NASDAQ:PTC) has “Buy” rating given on Monday, June 12 by Evercore. The rating was initiated by Goldman Sachs on Friday, November 4 with “Buy”. The rating was maintained by Wedbush with “Buy” on Monday, September 21. As per Thursday, October 8, the company rating was initiated by KeyBanc Capital Markets.

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