As Ptc (PTC) Market Valuation Rose, Shareholder Palestra Capital Management Has Trimmed Position; Ipswich Investment Management Co Has Upped Its Holding in Praxair (PX) as Stock Price Declined

May 16, 2018 - By Edwin Martin

PTC Inc. (NASDAQ:PTC) Logo

Ipswich Investment Management Co increased its stake in Praxair Inc (PX) by 165.58% based on its latest 2017Q4 regulatory filing with the SEC. Ipswich Investment Management Co bought 9,438 shares as the company’s stock declined 6.32% with the market. The institutional investor held 15,138 shares of the basic industries company at the end of 2017Q4, valued at $2.34M, up from 5,700 at the end of the previous reported quarter. Ipswich Investment Management Co who had been investing in Praxair Inc for a number of months, seems to be bullish on the $45.73 billion market cap company. The stock increased 0.35% or $0.555 during the last trading session, reaching $159.135. About 495,733 shares traded. Praxair, Inc. (NYSE:PX) has risen 22.24% since May 16, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Andrew Immerman decreased its stake in Ptc Inc (PTC) by 10.5% based on its latest 2017Q4 regulatory filing with the SEC. Palestra Capital Management Llc sold 161,571 shares as the company’s stock rose 31.32% while stock markets declined. The hedge fund run by Andrew Immerman held 1.38M shares of the prepackaged software company at the end of 2017Q4, valued at $83.66M, down from 1.54M at the end of the previous reported quarter. Palestra Capital Management Llc who had been investing in Ptc Inc for a number of months, seems to be less bullish one the $9.76 billion market cap company. The stock decreased 0.09% or $0.08 during the last trading session, reaching $84.57. About 541,157 shares traded. PTC Inc. (NASDAQ:PTC) has risen 49.73% since May 16, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.01, from 1.06 in 2017Q3. It increased, as 34 investors sold PTC shares while 106 reduced holdings. 58 funds opened positions while 92 raised stakes. 86.60 million shares or 0.81% less from 87.30 million shares in 2017Q3 were reported. Moreover, Palestra Mgmt Ltd Company has 4.69% invested in PTC Inc. (NASDAQ:PTC). Quantitative Systematic Strategies Lc reported 4,717 shares or 0.07% of all its holdings. 16,425 are held by Quantbot Technologies Ltd Partnership. Gru One Trading Limited Partnership holds 0% of its portfolio in PTC Inc. (NASDAQ:PTC) for 531 shares. Schroder Investment Management holds 0.12% or 1.23M shares in its portfolio. Tygh Capital, a Oregon-based fund reported 68,045 shares. California Pub Employees Retirement System stated it has 0% in PTC Inc. (NASDAQ:PTC). Utah Retirement System owns 21,300 shares or 0.03% of their US portfolio. Dekabank Deutsche Girozentrale owns 0.02% invested in PTC Inc. (NASDAQ:PTC) for 53,400 shares. Arrowstreet Cap Lp holds 36,594 shares or 0% of its portfolio. 11,565 were accumulated by Brandywine Managers Limited Liability Company. Moreover, Eagle Asset Mgmt has 0.86% invested in PTC Inc. (NASDAQ:PTC) for 2.55M shares. Quantitative Inv Mngmt Ltd Company reported 148,300 shares. First Fincl Bank Of Omaha owns 53,808 shares. Investment Of America Inc reported 199,884 shares.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on July, 18. They expect $0.20 EPS, up 42.86% or $0.06 from last year’s $0.14 per share. PTC’s profit will be $23.08 million for 105.71 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 17 analysts covering PTC (NASDAQ:PTC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. PTC had 56 analyst reports since July 30, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of PTC in report on Wednesday, September 9 with “Neutral” rating. As per Wednesday, March 14, the company rating was maintained by Wedbush. The firm has “Buy” rating given on Friday, October 6 by Robert W. Baird. Wedbush maintained PTC Inc. (NASDAQ:PTC) on Thursday, October 27 with “Outperform” rating. On Thursday, August 6 the stock rating was initiated by CLSA with “Outperform”. As per Thursday, January 19, the company rating was maintained by Wedbush. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Wedbush on Thursday, January 18. The firm has “Buy” rating given on Sunday, October 8 by RBC Capital Markets. The rating was maintained by Guggenheim on Wednesday, January 10 with “Hold”. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Seaport Global on Thursday, January 18.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Seekingalpha.com which released: “PTC’s (PTC) CEO Jim Heppelmann on Q2 2018 Results – Earnings Call Transcript” on April 19, 2018, also Streetinsider.com with their article: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” published on May 15, 2018, Businesswire.com published: “PTC to Participate in Three Upcoming Investor Conferences” on May 08, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Businesswire.com and their article: “LiveWorx 18 to Showcase Tech Industry Luminaries” published on May 08, 2018 as well as Nasdaq.com‘s news article titled: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” with publication date: May 03, 2018.

Palestra Capital Management Llc, which manages about $755.46 million and $1.78 billion US Long portfolio, upped its stake in Dowdupont Inc by 640,000 shares to 2.07 million shares, valued at $147.26 million in 2017Q4, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 1.18M shares in the quarter, for a total of 4.29M shares, and has risen its stake in First Data Corp New.

More recent Praxair, Inc. (NYSE:PX) news were published by: Seekingalpha.com which released: “Praxair, Inc. 2018 Q1 – Results – Earnings Call Slides” on April 26, 2018. Also Seekingalpha.com published the news titled: “Praxair Floats To The Top” on April 19, 2018. Businesswire.com‘s news article titled: “Praxair Named One of America’s Best Employers by Forbes for the Fourth Straight Year” with publication date: May 15, 2018 was also an interesting one.

Ipswich Investment Management Co, which manages about $377.16M and $236.21M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 31,436 shares to 102,640 shares, valued at $1.79M in 2017Q4, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 8,685 shares in the quarter, leaving it with 17,788 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 54 analyst reports since August 12, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Buy” rating in Thursday, October 26 report. Jefferies maintained it with “Buy” rating and $16200 target in Thursday, July 6 report. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, September 1. The firm has “Buy” rating by Bank of America given on Wednesday, June 7. The firm has “Equal Weight” rating by Barclays Capital given on Monday, November 2. The stock of Praxair, Inc. (NYSE:PX) has “Hold” rating given on Tuesday, March 27 by BMO Capital Markets. SunTrust maintained it with “Buy” rating and $185.0 target in Thursday, January 25 report. The firm earned “Sector Weight” rating on Tuesday, February 2 by KeyBanc Capital Markets. The company was maintained on Monday, April 30 by Citigroup. On Friday, October 27 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It dropped, as 42 investors sold PX shares while 295 reduced holdings. 104 funds opened positions while 254 raised stakes. 233.99 million shares or 0.58% less from 235.36 million shares in 2017Q3 were reported. Macquarie Gru reported 109,441 shares. British Columbia Investment Mngmt Corporation holds 157,512 shares or 0.17% of its portfolio. 163,670 were reported by Pictet Asset. Intl Ca invested in 0.84% or 28,558 shares. Maple Management, Vermont-based fund reported 1,515 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 71,937 shares. Mendel Money has invested 4.48% in Praxair, Inc. (NYSE:PX). Conning Inc invested in 186,131 shares or 0.95% of the stock. Schwartz Inv Counsel has invested 2.61% in Praxair, Inc. (NYSE:PX). Princeton Port Strategies Grp Limited Com holds 0.82% or 19,530 shares in its portfolio. Gofen & Glossberg Il accumulated 0.16% or 28,171 shares. Gw Henssler Associate holds 52,923 shares or 0.77% of its portfolio. Hikari Tsushin reported 1.15% of its portfolio in Praxair, Inc. (NYSE:PX). 483 are owned by Amer Beacon Advsrs. 15,975 are owned by Everence Capital Mngmt Incorporated.

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