Parametric Technology Corporation ( PMTC) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 1.2%. By the end of trading, Parametric Technology Corporation rose 17 cents (0.8%) to $20.41 on average volume. Throughout the day, 1.7 million shares of Parametric Technology Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $19.98-$20.52 after having opened the day at $20.03 as compared to the previous trading day's close of $20.24. Other companies within the Computer Software & Services industry that increased today were: BMC Software ( BMC), up 8.7%, Convergys Corporation ( CVG), up 5.3%, Image Sensing Systems ( ISNS), up 5.1%, and Bridgeline Digital ( BLIN), up 4.9%. Parametric Technology Corporation develops, markets, and supports product lifecycle management (PLM) software solutions and services that help companies design products, manage product information, and enhance product development processes worldwide. Parametric Technology Corporation has a market cap of $2.4 billion and is part of the technology sector. The company has a P/E ratio of 30.9, above the average computer software & services industry P/E ratio of 30.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Parametric Technology Corporation a buy, no analysts rate it a sell, and three rate it a hold. TheStreet Ratings rates Parametric Technology Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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