Last $38.55 USD
Change Today +0.05 / 0.13%
Volume 226.5K
PTC On Other Exchanges
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As of 12:37 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

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52 Week High
03/4/14 - $40.40
52 Week Low
10/25/13 - $27.18
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ptc inc (PTC) Details

PTC Inc. develops, markets, and supports software products and solutions in the areas of computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), supply chain management (SCM), and service lifecycle management (SLM) worldwide. The company operates in two segments, Software Products and Services. Its CAD products include PTC Creo, an interoperable suite of product design software; and PTC Mathcad software for solving, analyzing, and sharing vital engineering calculations. The company offers PLM products, such as PTC Windchill that provides lifecycle intelligence from design to service; and PTC Creo View, which enables enterprise-wide visualization, verification, annotation, and automated comparison of various product development data formats. It also provides ALM products comprising PTC Integrity that enables users to manage system models, software configurations, test plans, and defects, as well as SCM products, including PTC Windchill FlexPLM, which is designed for manufacturers in the consumer products, retail, footwear, and apparel industries; and PTC Windchill Product Analytics, a suite of products that enable manufacturers to assess product compliance, performance, and risk in the product lifecycle. In addition, the company’s SLM products consisting of PTC Servigistics, a suite of software products that enables a systematic approach to service lifecycle management; and PTC Arbortext, an enterprise software suite for manufacturers to create, illustrate, manage, and publish technical and service parts information. Further, PTC Inc. provides consultation, implementation, and training services. It sells its products and services through direct sales force, as well as through third-party resellers and other strategic partners. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was founded in 1985 and is headquartered in Needham, Massachusetts.

6,126 Employees
Last Reported Date: 08/5/14
Founded in 1985

ptc inc (PTC) Top Compensated Officers

Chief Executive Officer, President, Member of...
Total Annual Compensation: $750.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $415.0K
Executive Vice President of Strategy
Total Annual Compensation: $415.0K
Executive Vice President of Global Support
Total Annual Compensation: $363.0K
Executive Vice President of Worldwide Sales &...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

ptc inc (PTC) Key Developments

PTC Inc. Enters into a New Multi-Currency Bank Credit Facility

On September 15, 2014, PTC Inc. entered into a new multi-currency bank credit facility with a syndicate of banks for which JPMorgan Chase Bank, N.A. acts as Administrative Agent. The new credit facility replaced PTC's prior credit facility. As with the prior credit facility, PTC expects to use the new credit facility for general corporate purposes of PTC and its subsidiaries, including acquisitions of other businesses, and may also use it for working capital. The credit facility consists of a $500 million term loan and a $1 billion revolving credit facility, each of which may be increased by up to an additional $250 million in the aggregate if the existing or additional lenders are willing to make such increased commitments. PTC is the sole borrower under the credit facility. The obligations under the credit facility are guaranteed by PTC's material domestic subsidiaries and are secured by a pledge of 65% of the voting equity interests of PTC's material first-tier foreign subsidiaries. Currently, the material domestic subsidiaries that are guarantors under the credit facility are Parametric Holdings Inc., PTC International Inc. and PTC Netherlands LLC. There was $611.9 million outstanding under the prior credit facility which was repaid with the proceeds of the $500 million term loan and a $111.9 million revolving borrowing under the new credit facility. Interest rates for the term loan and the revolving credit facility are available at the option of PTC and would range from 1.25% to 1.50% above the Eurodollar rate for Eurodollar-based borrowings or would range from 0.25% to 0.50% above the defined base rate for base rate borrowings, in each case based upon PTC's leverage ratio. Additionally, PTC may borrow certain foreign currencies at rates set in the same range above the respective London interbank offered interest rates for those currencies, based on PTC's leverage ratio.

Verdasys Promotes Peter Tyrrell to COO

Verdasys promoted Peter Tyrrell to COO. As COO, Pete will be responsible for enabling operational excellence across the company and building capabilities for the company's future growth. As COO, Pete's role will expand greatly, and his deep software industry experience and versatility will benefit the management team tremendously as enter this next phase of accelerated growth. Prior to being named COO, Tyrrell managed Verdasys' growing sales team for North America, Europe and Asia.

PTC Inc. - Special Call

To discuss its new capital allocation strategy


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Valuation PTC Industry Range
Price/Earnings 26.4x
Price/Sales 3.5x
Price/Book 4.7x
Price/Cash Flow 21.9x
TEV/Sales 3.0x

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