Jefferies Financial Group Inc. Buys Shares of 1,990 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. purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,990 shares of the technology company's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wahed Invest LLC lifted its stake in PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after purchasing an additional 61 shares in the last quarter. D.A. Davidson & CO. boosted its stake in PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after buying an additional 70 shares during the last quarter. Portside Wealth Group LLC boosted its stake in PTC by 2.4% during the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock valued at $514,000 after buying an additional 78 shares during the last quarter. Strategic Advisors LLC boosted its stake in PTC by 1.1% during the first quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock valued at $1,198,000 after buying an additional 83 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in PTC by 5.8% during the first quarter. Dynasty Wealth Management LLC now owns 1,525 shares of the technology company's stock valued at $236,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

PTC has been the topic of several recent research reports. Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, July 29th. Stifel Nicolaus upped their target price on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Oppenheimer upped their target price on shares of PTC from $225.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays set a $233.00 target price on shares of PTC in a research report on Thursday, July 31st. Finally, KeyCorp reissued an "overweight" rating and issued a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.

PTC Stock Up 0.5%

NASDAQ:PTC traded up $0.99 during midday trading on Tuesday, hitting $204.28. 175,275 shares of the company were exchanged, compared to its average volume of 1,077,131. The company has a fifty day simple moving average of $186.31 and a 200 day simple moving average of $170.58. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.47 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17.

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

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.