Wesley Edens an Insider in Drive Shack Inc. (DS), Bought 400,000 Shares; Par Technology Has 1.07 Sentiment

PTC Inc. (NASDAQ:PTC) Logo

Par Technology Corp (PTC) investors sentiment increased to 1.07 in Q4 2017. It’s up 0.01, from 1.06 in 2017Q3. The ratio increased, as 150 investment professionals opened new or increased positions, while 140 sold and trimmed equity positions in Par Technology Corp. The investment professionals in our database now hold: 86.60 million shares, down from 87.30 million shares in 2017Q3. Also, the number of investment professionals holding Par Technology Corp in top ten positions decreased from 8 to 7 for a decrease of 1. Sold All: 34 Reduced: 106 Increased: 92 New Position: 58.

The stock decreased 0.30% or $0.25 during the last trading session, reaching $84.4. About 1.03M shares traded or 9.38% up from the average. PTC Inc. (PTC) has risen 49.73% since May 17, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Nasdaq.com which released: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” on May 03, 2018, also Seekingalpha.com with their article: “PTC beats and raises as subscription revenues jump” published on April 18, 2018, Streetinsider.com published: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” on May 15, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Businesswire.com and their article: “PTC Explores the Use of Augmented Reality Technology for Autism” published on April 24, 2018 as well as Businesswire.com‘s news article titled: “PTC to Participate in Three Upcoming Investor Conferences” with publication date: May 08, 2018.

Ratings analysis reveals 80% of PTC’s analysts are positive. Out of 5 Wall Street analysts rating PTC, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $54.0 while the high is $55.0. The stock’s average target of $54.50 is -35.43% below today’s ($84.4) share price. PTC was included in 5 notes of analysts from October 7, 2016. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Brean Capital on Friday, October 7. The stock of PTC Inc. (NASDAQ:PTC) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 9. The stock of PTC Inc. (NASDAQ:PTC) has “Buy” rating given on Friday, November 4 by Goldman Sachs. The company was maintained on Thursday, October 27 by Wedbush. The firm has “Neutral” rating by Guggenheim given on Thursday, April 13.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on July, 18. They expect $0.20 earnings per share, up 42.86% or $0.06 from last year’s $0.14 per share. PTC’s profit will be $23.08M for 105.50 P/E if the $0.20 EPS becomes a reality. After $0.20 actual earnings per share reported by PTC Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $9.74 billion. It operates in two divisions, Software Products and Services. It has a 340.32 P/E ratio. The firm computer-aided design products, including PTC Creo, an interoperable suite of product design software for design engineers; and PTC Mathcad software for solving, analyzing, and sharing vital engineering calculations.

40 North Management Llc holds 19.83% of its portfolio in PTC Inc. for 1.18 million shares. Praesidium Investment Management Company Llc owns 2.08 million shares or 9.8% of their US portfolio. Moreover, Tensile Capital Management Llc has 7.99% invested in the company for 774,926 shares. The New York-based Palestra Capital Management Llc has invested 4.69% in the stock. Newbrook Capital Advisors Lp, a New York-based fund reported 1.05 million shares.

The stock increased 9.61% or $0.52 during the last trading session, reaching $5.93. About 757,957 shares traded or 109.47% up from the average. Drive Shack Inc. (NYSE:DS) has risen 20.05% since May 17, 2017 and is uptrending. It has outperformed by 8.50% the S&P500.

Newcastle Investment Corp. operates as a real estate investment trust in the United States. The company has market cap of $397.17 million. The firm invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities. It currently has negative earnings. It also invests in securities, including commercial mortgage backed securities, senior unsecured debt issued by property REITs, and real estate related asset backed securities, as well as in loans, such as real estate related and other loans, including corporate bank loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans.

Wesley Edens, director of Drive Shack Inc, in an insider buying deal acquired some 400,000 shares whose value is estimated to be $2.12 million at average stock price of $5.3. Due to the significance of this purchase, it will not stay unnoticed. Wesley Edens owns 10%+ of the -company’s market cap with a total of 3.31 million shares.

Analysts await Drive Shack Inc. (NYSE:DS) to report earnings on August, 1. They expect $0.04 EPS, down 63.64% or $0.07 from last year’s $0.11 per share. DS’s profit will be $2.68 million for 37.06 P/E if the $0.04 EPS becomes a reality. After $-0.08 actual EPS reported by Drive Shack Inc. for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

Another recent and important Drive Shack Inc. (NYSE:DS) news was published by Seekingalpha.com which published an article titled: “Drive Shack’s (DS) CEO Sarah Watterson on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart