Jefferies Financial Group Inc. Buys New Position in PTC Inc. (NASDAQ:PTC)

Key Points

• Jefferies Financial Group Inc. acquired a new stake in PTC Inc. worth approximately $308,000, purchasing 1,990 shares in the first quarter.
• PTC's stock has shown strong quarterly performance, reporting an EPS of $1.64, significantly exceeding analyst expectations, with a year-over-year revenue increase of 24.2%.
• Analysts have varying ratings on PTC, with upgrades from several firms, leading to an average target price of $202.14 and a general consensus rating of "Moderate Buy."

Jefferies Financial Group Inc. acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,990 shares of the technology company's stock, valued at approximately $308,000.

Several other large investors also recently bought and sold shares of PTC. LPL Financial LLC lifted its holdings in shares of PTC by 14.6% in the 4th quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock worth $3,294,000 after acquiring an additional 2,285 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PTC by 16.0% in the 4th quarter. Russell Investments Group Ltd. now owns 61,416 shares of the technology company's stock valued at $11,291,000 after purchasing an additional 8,474 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter valued at $30,000. Bank of Nova Scotia grew its position in shares of PTC by 484.5% in the 4th quarter. Bank of Nova Scotia now owns 89,762 shares of the technology company's stock valued at $16,505,000 after buying an additional 74,406 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new position in shares of PTC in the 4th quarter valued at $1,164,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.4%

Shares of NASDAQ PTC traded down $0.73 during trading on Friday, reaching $205.42. 756,388 shares of the stock were exchanged, compared to its average volume of 1,186,448. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The business's 50-day moving average price is $185.58 and its 200 day moving average price is $170.61. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 48.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. As a group, equities analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PTC shares. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Robert W. Baird raised their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Cantor Fitzgerald set a $120.00 price objective on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. KeyCorp restated an "overweight" rating and set a $245.00 target price (up from $192.00) on shares of PTC in a report on Thursday, July 31st. Finally, Mizuho dropped their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.