Hhr Asset Management Llc increased its stake in Ptc Inc (NASDAQ:PTC) by 70.6% based on its latest Q3 2015 regulatory filing with the SEC. Hhr Asset Management Llc bought 428,708 shares as the company’s stock declined 23.05% with the market. The hedge fund held 1.04 million shares of the prepackaged software company at the end of Q3, valued at $32.88 million, up from 607,252 at the end of the previous reported quarter. Hhr Asset Management Llc who had been investing in Ptc Inc since many months, is probably bullish the $3.91 billion market cap company. The stock decreased 1.61% or $0.56 on December 11, hitting $34.12. About 591,457 shares traded hands. PTC Inc (NASDAQ:PTC) has declined 11.93% since May 11, 2015 and is downtrending. It has underperformed by 7.51% the S&P500.
Hhr Asset Management Llc, which manages about $2.77 billion and $2.36 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 40,280 shares to 212,331 shares, valued at $108.69 million in Q3, according to the filing. It also reduced its holding in Chipotle Mexican Grill Inc (NYSE:CMG) by 20,900 shares in the quarter, leaving it with 152,771 shares, and cut its stake in Google Inc (NASDAQ:GOOGL).
Hhr Asset Management Llc is a New Jersey-based hedge fund with more than $2.77 billion AUM in March, 2014. Taken from Hhr Asset Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
The institutional sentiment increased to 1.15 in 2015 Q3. Its up 0.23, from 0.92 in 2015Q2. The ratio increased, as 34 funds sold all PTC shares owned while 89 reduced positions. 40 funds bought stakes while 101 increased positions. They now own 87.45 million shares or 1.37% less from 88.67 million shares in 2015Q2.
Praesidium Investment Management Company Llc holds 4.32% of its portfolio in PTC for 1.46 million shares. Lapides Asset Management Llc owns 763,400 shares or 4.17% of their US portfolio. Moreover, Palestra Capital Management Llc has 4.12% invested in the company for 1.35 million shares. The New York-based P.R. Herzig & Co. Inc. has invested 3.7% in the stock. Clovis Capital Management Lp, a New York-based fund reported 420,000 shares.
Out of 7 analysts covering PTC (NASDAQ:PTC), 7 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. PTC was the topic in 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc.
Another recent and important PTC Inc (NASDAQ:PTC) news was published by Nasdaq.com which published an article titled: “PTC Inc. To Present At Wedbush Conference; Webcast At 5:10 PM ET” on December 09, 2015.
PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way clients create and service their products The Firm operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer training products. The company has a market cap of $3.91 billion. The Company’s solutions and software products include Computer-Aided Design , Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). It has 83.86 P/E ratio.
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