PTC Inc (PMTC): Insiders Aren’t Crazy About It

Page 1 of 2

PTC Inc (NASDAQ:PMTC) was in 9 hedge funds’ portfolio at the end of the first quarter of 2013. PMTC has experienced a decrease in hedge fund sentiment lately. There were 14 hedge funds in our database with PMTC positions at the end of the previous quarter.

In today’s marketplace, there are dozens of methods market participants can use to track Mr. Market. Some of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best hedge fund managers can beat their index-focused peers by a very impressive amount (see just how much).

Just as important, bullish insider trading sentiment is another way to break down the financial markets. There are a number of stimuli for an executive to get rid of shares of his or her company, but just one, very clear reason why they would buy. Plenty of academic studies have demonstrated the useful potential of this tactic if investors understand where to look (learn more here).

Now, we’re going to take a gander at the key action regarding PTC Inc (NASDAQ:PMTC).

How are hedge funds trading PTC Inc (NASDAQ:PMTC)?

At Q1′s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of -36% from the first quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes considerably.

According to our comprehensive database, Eric Bannasch’s Cadian Capital had the most valuable position in PTC Inc (NASDAQ:PMTC), worth close to $83.5 million, comprising 2.3% of its total 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $16.3 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers with similar optimism include Andrew Sandler’s Sandler Capital Management, Anand Parekh’s Alyeska Investment Group and Israel Englander’s Millennium Management.

Since PTC Inc (NASDAQ:PMTC) has witnessed bearish sentiment from hedge fund managers, it’s safe to say that there lies a certain “tier” of hedgies that slashed their positions entirely in Q1. Interestingly, Eric Bannasch’s Cadian Capital dropped the biggest stake of the 450+ funds we monitor, comprising an estimated $57 million in stock.. Clint Carlson’s fund, Carlson Capital, also cut its stock, about $14.2 million worth. These transactions are important to note, as total hedge fund interest dropped by 5 funds in Q1.

How are insiders trading PTC Inc (NASDAQ:PMTC)?

Insider trading activity, especially when it’s bullish, is most useful when the primary stock in question has experienced transactions within the past half-year. Over the latest 180-day time period, PTC Inc (NASDAQ:PMTC) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to PTC Inc (NASDAQ:PMTC). These stocks are Tyler Technologies, Inc. (NYSE:TYL), ACI Worldwide Inc (NASDAQ:ACIW), Mentor Graphics Corp (NASDAQ:MENT), National Instruments Corp (NASDAQ:NATI), and Concur Technologies, Inc. (NASDAQ:CNQR). This group of stocks are in the technical & system software industry and their market caps resemble PMTC’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!