PTC

PTC Inc

TMT


Presented:10/15/2015
Price:$35.13
Cap:$4.08B
Current Price:$184.01
Cap:$22.11B

Presented

Date10/15/2015
Price$35.13
Market Cap$4.08B
Ent Value$5.13B
P/E Ratio44.47x
Book Value$7.27
Div Yield0%
Shares O/S116.03M
Ave Daily Vol947,048
Short Int1.62%

Current

Price$184.01
Market Cap$22.11B
PTC, Inc. develops and delivers technology solutions, comprised of software and services, which transform the way its customers create and service their products. The company solutions help its customers in discrete manufacturing organizations optimize the activities within individual business functions, including engineering, software development, supply chain, manufacturing and service, and coordinate these processes across the enterprise to create product and service advantage. The company operates through the following business segments: Software Products and Services. The Software Products segment includes license and related support revenue for all its products except training related products. The Services segment includes consulting, implementation, training and license and support revenue for computer based training products. PTC was founded in 1985 and is headquartered in Needham, MA.

Publicly traded companies mentioned herein: Adobe Systems Inc (ADBE), Autodesk Inc (ADSK), Dassault Systemes (DSY FP), PTC Inc (PTC)

Highlights

The presenter is long shares of PTC Inc, which provides customers with computer-aided design (CAD) and product lifecycle management (PLM) software. He sees the risk/ reward setup as attractive with the stock trading at ~$34, and said the November 10 Investor Day could be a potentially positive near-term catalyst as management is expected to provide the Street with some level of clarity around the transition of its core software business to a subscription model (from a traditional license model). In addition to the benefits of transitioning to a subscription model, there is the potential for PTC to rein in costs.

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Idea Discussion

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