Jefferies Financial Group Inc. Buys 98,919 Shares of PTC Inc. $PTC

Jefferies Financial Group Inc. raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 2,245.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 103,324 shares of the technology company’s stock after buying an additional 98,919 shares during the quarter. Jefferies Financial Group Inc.’s holdings in PTC were worth $14,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new position in shares of PTC in the 2nd quarter worth $30,000. Allworth Financial LP bought a new stake in shares of PTC in the second quarter worth $32,000. Integrated Wealth Concepts LLC bought a new stake in shares of PTC in the second quarter worth $32,000. Covestor Ltd increased its position in PTC by 25.3% during the second quarter. Covestor Ltd now owns 500 shares of the technology company’s stock valued at $57,000 after acquiring an additional 101 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in PTC during the second quarter valued at $57,000. 95.14% of the stock is owned by institutional investors.

PTC Trading Down 0.2%

Shares of PTC stock opened at $196.14 on Thursday. PTC Inc. has a 1-year low of $108.50 and a 1-year high of $196.79. The company’s fifty day simple moving average is $169.43 and its 200-day simple moving average is $148.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.63 and a quick ratio of 1.03. The stock has a market capitalization of $21.28 billion, a PE ratio of 22.19, a P/E/G ratio of 2.58 and a beta of 0.93.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.97 by $0.06. The firm had revenue of $673.25 million during the quarter, compared to analyst estimates of $663.56 million. PTC had a return on equity of 20.03% and a net margin of 37.80%. PTC’s revenue was down 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.41 EPS. As a group, equities analysts anticipate that PTC Inc. will post 7.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets downgraded PTC from an “outperform” rating to a “market perform” rating and increased their target price for the company from $164.00 to $205.00 in a report on Tuesday, October 6th. Deutsche Bank downgraded PTC to a “hold” rating and set a $205.00 price target for the company. in a research note on Monday, October 5th. Stifel Nicolaus set a $205.00 price target on shares of PTC in a research report on Monday, October 5th. Mizuho upped their price target on shares of PTC from $160.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada cut shares of PTC from a “buy” rating to a “sector perform” rating and increased their price objective for the stock from $195.00 to $306.00 in a research note on Monday, October 5th. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, PTC has an average rating of “Hold” and an average price target of $200.06.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 1,750 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $195.75, for a total transaction of $342,562.50. Following the completion of the sale, the director owned 6,679 shares of the company’s stock, valued at approximately $1,307,414.25. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

PTC Company Profile

PTC Inc. develops software that helps manufacturers design, build, operate and service products. Its offerings support computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management and industrial connectivity, helping companies manage product data and coordinate work across engineering and manufacturing. PTC’s products include Creo for 3D CAD, Windchill for PLM, Codebeamer for application lifecycle management, and ThingWorx for industrial connectivity and application development.