Par Technology Corp: Adw Capital Partners Bought Stake

August 10, 2018 -

By Jason Dias

PTC Inc. (NASDAQ:PTC) LogoInvestors sentiment decreased to 0.79 in Q1 2018. Its down 0.28, from 1.07 in 2017Q4. It dropped, as 38 investors sold PTC Inc. 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.

Alliancebernstein Ltd Partnership reported 0% stake. American Natl Registered Invest Advisor invested 0.29% in PTC Inc. (NASDAQ:PTC). Tensile Cap Management Limited Liability Com owns 833,926 shares or 9.75% of their US portfolio. Bluecrest Cap Mgmt accumulated 11,089 shares. Raymond James Assoc owns 193,476 shares. Winslow Evans And Crocker Inc holds 64 shares. Bnp Paribas Asset has 335,322 shares for 0.22% of their portfolio. Proshare Limited Liability holds 0.01% in PTC Inc. (NASDAQ:PTC) or 15,248 shares. Riverhead Cap Mgmt Limited Liability Co holds 12,290 shares or 0.04% of its portfolio. 5,497 are held by Twin Tree Limited Partnership. Moreover, Teacher Retirement System Of Texas has 0.01% invested in PTC Inc. (NASDAQ:PTC). Ubs Asset Management Americas holds 0% of its portfolio in PTC Inc. (NASDAQ:PTC) for 1.36 million shares. Axa reported 0.52% of its portfolio in PTC Inc. (NASDAQ:PTC). Nicholas Invest Partners L P reported 44,649 shares or 0.25% of all its holdings. Hhr Asset Mngmt Limited accumulated 360,565 shares or 1.61% of the stock.

The New Adw Capital Partners Holding in Par Technology Corp

Adw Capital Partners reported SC 13D form with the SEC for Par Technology Corp. Access it here: 000138713118003839.

As reported by Adw Capital Partners, the filler owns 10.1% or 1,623,000 shares of the Information Technology–company.

Par Technology Corp stake is new for [reportingPerson]. Date of activity: August 9, 2018. This shows Adw Capital Partners’s positive view for Par Technology Corp.

Reasons Why Adw Capital Partners Bought – Par Technology Corp Stock

Purpose of Transaction

The purpose for which the Common Stockwas acquired by the Reporting Persons is for investment. Depending upon market conditions and other factors that it may deem material,the Reporting Persons may purchase additional Shares and/or related securities or may dispose of all or a portion of the Sharesor related securities that it now beneficially owns or may hereafter acquire and/or may enter into transactions that increase orhedge its economic exposure to the Shares without affecting its beneficial ownership.

In the ordinary course of evaluatingits investment, representatives of the Reporting Persons may also from time to time seek to (or be invited to) discuss the businessand policies of the Issuer with the management of the Issuer. Currently, the Reporting Persons are concerned regarding whatthey perceive as a significant change in the strategic direction of the Issuer. The Reporting Persons have had and may continueto have discussions with the Issuer’s management and board of directors and may have discussions with other shareholders of theIssuer, potential acquirers and financing sources and other third parties relating to the Issuer’s business, operations, strategy,strategic alternatives for and relative valuations of the Issuer, including, but not limited to, in relation to the sale of itsbusiness or some or all of its assets, capital structure and capital raising alternatives, governance, current and future boardcomposition, future plans and related matters. Depending on various factors including, without limitation, the Issuer’s financialposition and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic andindustry conditions, the Reporting Persons may take positions or make proposals with respect to potential changes in the operations,management, the certificate of incorporation and bylaws, Board of Directors composition, ownership, capital structure, dividendpolicy, strategy and plans of the Issuer as a means of enhancing stockholder value or may change their intention with respect toany and all matters referred to in Item 4.

The Reporting Persons reserve the rightto change their intention with respect to any and all matters referred to in this Item 4 of this Schedule 13D. Except asset forth herein or such as would occur upon completion of any of the actions discussed herein, none of the Reporting Persons hasany current plan or proposal as of the date hereof which would relate to or result in any transaction, change or event specifiedin clauses (a) through (j) of Item 4 of Schedule 13D.

Par Technology Corp Institutional Sentiment

Filings show 283 investors own Par Technology Corp. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 9869073. 87303566 were owned by these investors. 42 funds opened new Par Technology Corp stakes, 107 increased positions. There were 39 that closed positions and 101 reduced them.

8 investors had the stock in their top 10. Some are: 40 North Management Llc, Miura Global Management Llc, Tensile Capital Management Llc, Brant Point Investment Management Llc, Eagle Asset Management Inc, Brandywine Managers Llc..

Palisade Capital Management Llc is an investor bullish on Par Technology Corp, owning 335423 shares as of Q3 2017 for 0.67% of its portfolio. Lapides Asset Management Llc owns 227400 shares or 2.62% of its portfolio. TX American National Registered Investment Advisor Inc have 0.21% of its portfolio for 7608 shares. Further, Capital Investment Services Of America Inc reported stake worth 2.01% of its portfolio. The TX American National Insurance Company owns 58164 shares. Par Technology Corp is 0.17% of its portfolio.

SEC Form 13D.

Analysts await

PTC Inc. (NASDAQ:PTC) to report earnings on October, 24. They expect $0.28 EPS, up 21.74 % or $0.05 from last year’s $0.23 per share. PTC’s profit will be $32.99M for 83.66 P/E if the $0.28 EPS becomes a reality. After $0.25 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts 12.00 % EPS growth.

The stock increased 0.29% or $0.27 during the last trading session, reaching $93.7. About 770,100 shares traded. PTC Inc. (NASDAQ:PTC) has risen 47.35% since August 10, 2017 and is uptrending. It has outperformed by 34.78% the S&P500.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $11.04 billion. It operates through three divisions: IoT Group, Solutions Group, and Professional Services. It has a 198.1 P/E ratio. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 9 analysts covering PTC Inc (NASDAQ:PTC), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. PTC Inc has $115 highest and $83.0 lowest target. $105’s average target is 12.06% above currents $93.7 stock price. PTC Inc had 17 analyst reports since March 5, 2018 according to SRatingsIntel. On Wednesday, June 13 the stock rating was maintained by Barclays Capital with “Overweight”. KeyBanc Capital Markets maintained PTC Inc. (NASDAQ:PTC) rating on Thursday, April 19. KeyBanc Capital Markets has “Overweight” rating and $94 target. The stock of PTC Inc. (NASDAQ:PTC) earned “Outperform” rating by Robert W. Baird on Thursday, April 19. RBC Capital Markets maintained the shares of PTC in report on Sunday, April 15 with “Buy” rating. The company was maintained on Friday, June 8 by Wedbush. As per Tuesday, June 19, the company rating was maintained by Wedbush. The firm has “Overweight” rating given on Thursday, June 14 by KeyBanc Capital Markets. Guggenheim maintained the shares of PTC in report on Wednesday, August 8 with “Buy” rating. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 19. The company was maintained on Monday, March 5 by Robert W. Baird.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: which released: “PTC Delivering On Its IoT Promises” on July 19, 2018, also with their article: “PTC Inc. (PTC) CEO Jim Heppelmann on Q3 2018 Results – Earnings Call Transcript” published on July 19, 2018, published: “PTC Q3 Earnings to be Hit by Rising Subscription Bookings Mix” on July 16, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: and their article: “PTC reports Q3 beats, mixed Q4 guidance” published on July 18, 2018 as well as‘s news article titled: “PTC’s Transition Is Paying Off” with publication date: July 21, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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