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0 0.000349551948109981 0.000187618937004747 0.00041097481439126 0.000187618937004747 -0.00282768540771374 -0.00500540521223275 -0.0063176209918787
Stock impact report

Rockwell to take $1 billion stake in software maker PTC [Reuters (UK)]

Rockwell Automation, Inc. (ROK) 
Last rockwell automation, inc. earnings: 4/28 07:02 am Check Earnings Report
Company Research Source: Reuters
Rockwell to take $1 billion stake in software maker PTC | Reuters 2 Min Read (Reuters) - Factory automation equipment maker Rockwell Automation said on Monday it would buy an 8.4 percent stake in PTC for $1 billion as it looks to build on its software capabilities to make smarter manufacturing processes for customers. Rockwell — which makes electronic motor starters, relays and timers for industries — has been strengthening its capabilities in the so-called Internet of Things (IoT), or technology that allows different devices and systems to communicate with each other over the internet. Shares of PTC, which offers computer-aided design (CAD) programs as well as lifecycle management software for manufacturers, rose as much as 10.2 percent to a record $95.88. “We do view this agreement as a strategic positive for PTC as it will help open the doors into thousands of companies that traditionally have not used PTC for its core CAD capabilities,” JP Morgan analyst Sterling Auty wrote in a n Show less Read more
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