San Diego, CA -- (ReleaseWire) -- 08/04/2014 -- An investigation on behalf of investors of PTC Inc (NASDAQ:PTC) shares over potential securities laws violations by PTC Inc and certain of its directors and officers in connection certain financial statements was announced .
Investors who purchased shares of PTC Inc (NASDAQ:PTC) in 2011 or earlier and currently hold any of those PTC Inc (NASDAQ:PTC shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PTC Inc (NASDAQ:PTC) concerning whether a series of statements by PTC Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
PTC Inc disclosed that it had identified payments by certain business partners and expenses of certain employees in China that raised questions of compliance with the Foreign Corrupt Practices Act. The SEC and DOJ have been conducting ongoing investigations.
PTC Inc reported that its Total Revenue rose from over $1.25 billion for the 12 months period that ended on Sept. 30, 2012 to over $1.29 billion for the 12 months period that ended on Sept. 30, 2013 and that its Net loss of $35.40 million for the 12 months period that ended on Sept. 30, 2012 turned into a net Income of $143.77 million for the 12 months period that ended on September 30, 2013. Shares of PTC Inc (NASDAQ:PTC) grew from $15.38 per share in September 2011 to as high as $40.03 per share in March 2014.
On July 31, 2014, NASDAQ:PTC closed at $35.96 per share.
Those who purchased shares of PTC Inc in 2011 or earlier and currently hold any of those NASDAQ:PTC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
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