NasdaqGS:PTCSoftware
PTC Refocuses Portfolio As Kepware Sale Adds Cash And Raises Questions
PTC has completed the sale of its Kepware and ThingWorx businesses to TPG, reshaping its portfolio around remaining operations.
The transaction delivers substantial cash proceeds to PTC and is accompanied by updated financial guidance reflecting the new structure.
The divestiture marks a change in focus for PTC, which trades on NasdaqGS:PTC, and follows a period of weaker recent share price performance.
Shares of PTC, ticker NasdaqGS:PTC, last closed at $142.96, with returns of 16.0% over 3...