PTC

Summary PTC reported a particularly strong quarter with almost all metrics well above expectations when it reported results about 6 weeks ago. The shares have pulled back from their highs and are now about 10% below their February peak. The company is benefitting substantially from the economic reopening-much of that benefit should be seen as…

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This afternoon we sold our position in Shift4. We had a holding of 150 shares that we had acquired at the end of last year at a price of $71.49. The shares have spiked almost 20% today-primarily based on a recommendation by B of A-which contained a double upgrade. While we do not like to…

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Before dealing with the individual names in this post, I just want to repeat my concerns about the mania that seems to be gripping a class of retail investors to find short squeeze targets. As I mentioned to many subscribers, my background is analytical and it is basically analysis that I try to provide to…

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In the distant past-say maybe 6-7 years ago, the period before earnings season was particularly tense for analysts. We would wait after the close to see which company if any had been forced to preannounce. Most quarters there was typically some high-profile casualties. With the broad adoption of SaaS consumption models for software procurement, there…

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For the most part, this earnings season has been similar to many others in terms of seeing few outright misses. IT firms continue to beat estimates, and continue to raise guidance. That said, there have been some high-profile casualties. The most prominent name that has been sold on earnings has been ServiceNow. The reality is…

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Yesterday and today are flooded with earnings reports- information overload watch. I will not seek to discuss all of the earnings reports that have been released in the sector-and Microsoft’s stellar release deserves its own article. Needless to say, as a very long-term holder of Microsoft shares, the results for the quarter were gratifying. It…

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This  post addresses Aspen and PTC. It also addresses some commentary about the Dropbox acquisition of HelloSign and some further thoughts about ANET shares. Aspen (AZPN) What to do with the shares of Aspen Tech. It is a company whose shares I would like to recommend, and it has many attractive elements in terms of…

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The December quarter is shaping up as another period of growth above expectations for most enterprise IT vendors. Brief Reviews of quarters that were announce by the following companies: Citrix (CTXS), Alteryx (AYX) Aspen (AZPN), PTC (PTC), and F5 (FFIV). For convenience in reading, I have divided the post in two, with the first post…

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IBM IBM reported the results for its fiscal Q2 Wednesday afternoon to kick off IT earnings season. The results included an earnings beat, in-line revenues, and an in-line guide. The shares have responded noticeably trading up by more than 3% after hours. The share price reaction should be carefully looked at in context; IBM shares have been…

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PTC Yesterday, PTC announced that Rockwell Automation had entered into a strategic partnership. Rockwell Automation is an old large ($ 8 billion in annual revenues) , but slow growing company (growth in the mid-single digits) that focuses on hardware and software involved in industrial processes. The partnership involved Rockwell making a $1 billion equity investment…

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