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Smart Sand, Inc. (SND) Reaches $6.25 After 4.00% Up Move; Palestra Capital Management Has Cut Ptc (PTC) Holding

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Palestra Capital Management Llc decreased Ptc Inc (PTC) stake by 29.78% reported in 2018Q1 SEC filing. Palestra Capital Management Llc sold 409,900 shares as Ptc Inc (PTC)’s stock rose 13.80%. The Palestra Capital Management Llc holds 966,729 shares with $75.42M value, down from 1.38M last quarter. Ptc Inc now has $9.92B valuation. The stock increased 1.17% or $0.99 during the last trading session, reaching $85.96. About 470,930 shares traded. PTC Inc. (NASDAQ:PTC) has risen 47.35% since May 30, 2017 and is uptrending. It has outperformed by 34.78% the S&P500.

The stock of Smart Sand, Inc. (NASDAQ:SND) is a huge mover today! The stock increased 3.14% or $0.19 during the last trading session, reaching $6.25. About 911,488 shares traded. Smart Sand, Inc. (NASDAQ:SND) has declined 40.34% since May 30, 2017 and is downtrending. It has underperformed by 52.91% the S&P500.The move comes after 6 months positive chart setup for the $258.62M company. It was reported on May, 30 by Barchart.com. We have $6.50 PT which if reached, will make NASDAQ:SND worth $10.34M more.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on July, 18. They expect $0.20 EPS, up 42.86% or $0.06 from last year’s $0.14 per share. PTC’s profit will be $23.08M for 107.45 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Palestra Capital Management Llc increased Microsoft Corp (NASDAQ:MSFT) stake by 300,000 shares to 1.43 million valued at $130.18 million in 2018Q1. It also upped First Data Corp New stake by 3.56 million shares and now owns 7.70M shares. Autodesk Inc (NASDAQ:ADSK) was raised too.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Seekingalpha.com which released: “Autodesk: A Transition Creating Real Shareholder Value” on May 29, 2018, also Nasdaq.com with their article: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” published on May 03, 2018, Businesswire.com published: “PTC Named a Visionary in Gartner Magic Quadrant for Industrial IoT Platforms” on May 24, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Businesswire.com and their article: “PTC Continues Competitive Momentum with New and Expanded Creo Customers” published on May 17, 2018 as well as Businesswire.com‘s news article titled: “PTC to Host Investor Session at LiveWorx on Monday, June 18” with publication date: May 21, 2018.

Among 17 analysts covering PTC (NASDAQ:PTC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. PTC had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of PTC Inc. (NASDAQ:PTC) has “Hold” rating given on Tuesday, December 12 by J.P. Morgan. KeyBanc Capital Markets maintained the shares of PTC in report on Thursday, April 19 with “Overweight” rating. On Thursday, January 18 the stock rating was maintained by Seaport Global with “Buy”. The firm earned “Buy” rating on Monday, March 5 by Robert W. Baird. The rating was initiated by Sterne Agee CRT with “Neutral” on Wednesday, September 9. Barclays Capital maintained the stock with “Overweight” rating in Thursday, July 30 report. The company was maintained on Thursday, January 18 by RBC Capital Markets. The firm earned “Overweight” rating on Thursday, April 19 by Barclays Capital. Robert W. Baird maintained PTC Inc. (NASDAQ:PTC) rating on Thursday, April 19. Robert W. Baird has “Outperform” rating and $95 target. The stock has “Outperform” rating by Wedbush on Wednesday, November 9.

Investors sentiment decreased to 0.79 in Q1 2018. Its down 0.28, from 1.07 in 2017Q4. It dropped, as 38 investors sold PTC shares while 132 reduced holdings. 53 funds opened positions while 82 raised stakes. 85.11 million shares or 1.72% less from 86.60 million shares in 2017Q4 were reported. Cohen Klingenstein Limited Liability Corp owns 16,041 shares or 0.18% of their US portfolio. Synovus reported 317 shares. Massmutual Fsb Adv reported 0% in PTC Inc. (NASDAQ:PTC). Amer has invested 0.06% in PTC Inc. (NASDAQ:PTC). 8,455 were accumulated by Hsbc Public Ltd Com. Earnest Prtn Limited Co invested in 20 shares. Voloridge Invest Mgmt Llc holds 0.02% in PTC Inc. (NASDAQ:PTC) or 8,648 shares. Jabre Cap Prtn holds 8,000 shares or 0.13% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems holds 31,353 shares or 0.03% of its portfolio. First Tru Advsrs Limited Partnership has 0.01% invested in PTC Inc. (NASDAQ:PTC). Epoch Investment Prns Incorporated holds 1.61% or 5.84M shares. M&T National Bank reported 5,996 shares. Mason Street Advsr Limited Liability reported 58,405 shares or 0.11% of all its holdings. Sei accumulated 98,860 shares or 0.03% of the stock. Ascend Capital Lc holds 1.24% or 391,480 shares.

Analysts await Smart Sand, Inc. (NASDAQ:SND) to report earnings on August, 9. They expect $0.26 EPS, up 333.33% or $0.20 from last year’s $0.06 per share. SND’s profit will be $10.76 million for 6.01 P/E if the $0.26 EPS becomes a reality. After $0.02 actual EPS reported by Smart Sand, Inc. for the previous quarter, Wall Street now forecasts 1,200.00% EPS growth.

Among 6 analysts covering Smart Sand (NASDAQ:SND), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Smart Sand had 7 analyst reports since November 29, 2016 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Friday, January 20 to “Neutral”. The rating was initiated by Jefferies on Tuesday, December 13 with “Buy”. Johnson Rice initiated the stock with “Accumulate” rating in Monday, January 9 report. The stock has “Outperform” rating by Credit Suisse on Tuesday, November 29. The company was initiated on Tuesday, November 29 by Piper Jaffray. On Tuesday, November 29 the stock rating was initiated by Goldman Sachs with “Buy”. The rating was initiated by Tudor Pickering with “Buy” on Wednesday, December 7.

Smart Sand, Inc. engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing activities in the gas and oil industry in the United States. The company has market cap of $258.62 million. The firm sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. It has a 11.79 P/E ratio. As of December 31, 2016, it had approximately 332 million tons of proven recoverable sand reserves.

More recent Smart Sand, Inc. (NASDAQ:SND) news were published by: Seekingalpha.com which released: “Frac Sand Players With Last Mile Deserve Premium Multiples” on May 15, 2018. Also Globenewswire.com published the news titled: “Smart Sand, Inc. Announces First Quarter 2018 Results” on May 10, 2018. Seekingalpha.com‘s news article titled: “Smart Sand slips 19% on Q1 miss” with publication date: May 10, 2018 was also an interesting one.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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