Should You Buy PTC Inc (PMTC)?
Should PTC Inc (NASDAQ:PMTC) investors track the following data?
At the moment, there are many methods market participants can use to monitor Mr. Market. A couple of the most useful are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outclass the market by a solid amount (see just how much).
Just as useful, positive insider trading sentiment is a second way to analyze the investments you're interested in. Obviously, there are lots of motivations for an upper level exec to get rid of shares of his or her company, but just one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the market-beating potential of this tactic if "monkeys" know what to do (learn more here).
Furthermore, we're going to analyze the newest info for PTC Inc (NASDAQ:PMTC).
Hedge fund activity in PTC Inc (NASDAQ:PMTC)
At the end of the second quarter, a total of 11 of the hedge funds we track held long positions in this stock, a change of 22% from the previous quarter. With hedge funds' positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully.
Out of the hedge funds we follow, Cadian Capital, managed by Eric Bannasch, holds the biggest position in PTC Inc (NASDAQ:PMTC). Cadian Capital has a $97.7 million position in the stock, comprising 3% of its 13F portfolio. On Cadian Capital's heels is P2 Capital Partners, managed by Claus Moller, which held a $26.1 million position; 4.2% of its 13F portfolio is allocated to the stock. Other hedgies that hold long positions include Clint Carlson's Carlson Capital, Chuck Royce's Royce & Associates and Anand Parekh's Alyeska Investment Group.
As industrywide interest increased, specific money managers were leading the bulls' herd. Cadian Capital, managed by Eric Bannasch, created the biggest position in PTC Inc (NASDAQ:PMTC). Cadian Capital had 97.7 million invested in the company at the end of the quarter. Claus Moller's P2 Capital Partners also made a $26.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Clint Carlson's Carlson Capital, Chuck Royce's Royce & Associates, and Anand Parekh's Alyeska Investment Group.
Insider trading activity in PTC Inc (NASDAQ:PMTC)
Insider buying made by high-level executives is particularly usable when the company in focus has seen transactions within the past half-year. Over the last 180-day time period, PTC Inc (NASDAQ:PMTC) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We'll go over the relationship between both of these indicators 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 belong to the technical & system software industry and their market caps resemble PMTC's market cap.
# of Hedge Funds
# of Insiders Buying
# of Insiders Selling
Tyler Technologies, Inc. (NYSE:TYL)
ACI Worldwide Inc (NASDAQ:ACIW)
Mentor Graphics Corp (NASDAQ:MENT)
National Instruments Corp (NASDAQ:NATI)
Concur Technologies, Inc. (NASDAQ:CNQR)
Using the results explained by our studies, average investors must always watch hedge fund and insider trading activity, and PTC Inc (NASDAQ:PMTC) shareholders fit into this picture quite nicely.