PTC

PTC Inc

TMT


Presented:07/12/2016
Price:$38.77
Cap:$4.44B
Current Price:$184.01
Cap:$22.11B

Presented

Date07/12/2016
Price$38.77
Market Cap$4.44B
Ent Value$4.25B
P/E RatioN/A
Book Value$7.45
Div Yield0%
Shares O/S114.56M
Ave Daily Vol871,857
Short Int1.22%

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: PTC Inc. (PTC), Dassault Systemes (DSY FP), Siemens (SIE GR), Autodesk (ADSK) and Adobe (ADBE).

Highlights

PTC is a maker of computer assisted design and product lifecycle management software products, with competitors including Dassault Systemes (DASTY), Siemens (SIEGY) and Autodesk (ADSK). A mature industry that continues to grow at around 3-5% annually, CAD and PLM software tends to be highly sticky, with relatively minor share shifts among the major players over the course of the past decade or so. The presenter is long shares on the thesis that the company’s ongoing transition from license to subscription revenue is well ahead of schedule. 

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Idea Discussion

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