5 Best Technology Stocks to Buy According to Ian Simm’s Impax Management

Page 1 of 5

This article discusses Ian Simm’s Impax Management’s top 5 technology stock picks at the end of the second quarter. To know about the fund, its recent performance and the other technology stocks it held in its portfolio, please read: 10 Best Technology Stocks to Buy According to Ian Simm’s Impax Management.

5. PTC Inc. (NASDAQ:PTC)

Impax Management’s Stake Value: $447,211,000

Percentage of Impax Management’s 13F Portfolio: 1.84%

Number of Hedge Fund Holders (Q1): 41

PTC Inc. (NASDAQ:PTC) operates in two segments – professional services and software products. The company was founded in 1985 and was formerly known as Parametric Technology Corporation, but changed its name to PTC Inc. (NASDAQ:PTC)  in 2013.

For its second quarter, PTC Inc. (NASDAQ:PTC) reported earnings per share of $0.97 on revenue of $462 million, missing analysts’ estimates by $0.09 and $11.1 million, respectively. However, post the earnings release on July 28, analysts at Mizuho reiterated their ‘Buy’ rating and upped the price target on the stock to $130 from $120.

Page 1 of 5