Jefferies reiterates a 'Buy' on Parametric Technology (PMTC); Updates After 10-Q Review

Jefferies reiterates a 'Buy' on Parametric Technology (NASDAQ: PMTC) price target raised $1 to $31.

Jefferies analyst says, "New Information: Low. We made a few minor model adjustments, incl. updating our Balance Sheet and Cash Flow Statement to reflect the more detailed breakout in the filing, though our ests are unchanged. There was little incremental info, as commentary from the filing was consistent with the recent EPS report, though we flag detail around acquisition contribution to specific biz segments as interesting."

For an analyst ratings summary and ratings history on Parametric Technology click here. For more ratings news on Parametric Technology click here.

Shares of Parametric Technology closed at $27.05 yesterday, with a 52 week range of $14.25-$27.25.

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