PTC Inc (NASDAQ:PTC) Shareholder Alert: Investigation over Potential Wrongdoing
An investigation on behalf of investors in NASDAQ:PTC shares over potential wrongdoing at PTC Inc was announced and NASDAQ:PTC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 03/09/2016 --An investigation for shareholders of PTC Inc was announced over potential breaches of fiduciary duties by certain officers and directors at PTC Inc.
Investors who purchased shares of PTC Inc (NASDAQ:PTC) in 2005 or earlier have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain PTC directors breached their fiduciary duties and caused damage to the company and its shareholders.
PTC Inc reported that its Total Revenue declined from over $1.35 billion for the 12 months period that ended on Sept. 30, 2014 to over $1.25 billion for the 12 months period that ended on Sept. 30, 2015 and that its Net Income of $160.19 million for the 12 months period that ended on Sept. 30, 2014 declined to $47.56 million for the 12 months period that ended on September 30, 2015. Shares of PTC Inc (NASDAQ:PTC) declined from $36.91 per share in November 2015 to as low as $27.06 per share on February 8, 2016.
On March 7, 2016, NASDAQ:PTC shares closed at $31.88 per share.
Those who purchased shares of PTC Inc (NASDAQ:PTC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/671354