May 23, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of PTC Inc (NASDAQ:PTC) shares was announced over potential breaches of fiduciary duties by certain officers and directors at PTC Inc.

The investigation by a law firm concerns whether certain PTC Inc (NASDAQ:PTC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

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 May 23, 2014, NASDAQ:PTC closed at $36.83 per share.