PTC Inc. $PTC Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 2,245.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,324 shares of the technology company’s stock after buying an additional 98,919 shares during the quarter. Jefferies Financial Group Inc. owned about 0.10% of PTC worth $14,496,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. purchased a new stake in shares of PTC in the second quarter worth $30,000. Integrated Wealth Concepts LLC purchased a new position in shares of PTC in the 2nd quarter worth about $32,000. Allworth Financial LP purchased a new position in shares of PTC in the 2nd quarter worth about $32,000. Axiom Investment Management LLC bought a new position in PTC in the 1st quarter worth about $59,000. Finally, Covestor Ltd boosted its stake in PTC by 25.3% in the 2nd quarter. Covestor Ltd now owns 500 shares of the technology company’s stock worth $57,000 after purchasing an additional 101 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Transactions at PTC

In other PTC news, Director Corinna Lathan sold 1,750 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the transaction, the director owned 6,679 shares in the company, valued at approximately $1,307,414.25. This represents a 20.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PTC. Loop Capital downgraded shares of PTC from a “buy” rating to a “hold” rating and increased their price objective for the company from $200.00 to $205.00 in a research report on Monday, October 5th. Royal Bank Of Canada cut shares of PTC from a “buy” rating to a “sector perform” rating and lifted their target price for the stock from $195.00 to $306.00 in a report on Monday, October 5th. Robert W. Baird cut shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. JPMorgan Chase & Co. upgraded shares of PTC from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $145.00 to $205.00 in a research note on Monday, October 5th. Finally, Rosenblatt Securities cut shares of PTC from a “buy” rating to a “neutral” rating and increased their price target for the company from $190.00 to $205.00 in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, PTC has an average rating of “Hold” and a consensus price target of $200.06.

PTC Stock Down 0.2%

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 business has a fifty day moving average price of $169.43 and a 200-day moving average price of $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 P/E ratio of 22.19, a P/E/G ratio of 2.58 and a beta of 0.93.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.97 by $0.06. PTC had a return on equity of 20.03% and a net margin of 37.80%. The company had revenue of $673.25 million for the quarter, compared to analysts’ expectations of $663.56 million. During the same period last year, the firm posted $3.41 earnings per share. PTC’s revenue was down 24.7% compared to the same quarter last year. Equities analysts forecast that PTC Inc. will post 7.12 earnings per share for the current fiscal year.

About PTC

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.