Home Insiders Updates Patterson Companies Inc. [PDCO] Chief Financial Officer makes an insider sale of 10,180 shares worth 301,141.

Patterson Companies Inc. [PDCO] Chief Financial Officer makes an insider sale of 10,180 shares worth 301,141.

Patterson Companies Inc. [PDCO] Chief Financial Officer makes an insider sale of 10,180 shares worth 301,141.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Patterson Companies Inc. shares valued at $301,141 were sold by Zurbay Donald on Jul 06. At $29.58 per share, Zurbay Donald sold 10,180 shares. The insider’s holdings dropped to 78,032 shares worth approximately $2.06 million following the completion of this transaction.

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Also, KORSH LES B sold 4,889 shares, netting a total of over 144,930 in proceeds. Following the sale of shares at $29.64 each, the insider now holds 71,449 shares.

Before that, Frohning Andrea L. had sold 1,986 shares from its account. In a trade valued at $59,520, the Chief Human Resources Officer traded Patterson Companies Inc. shares for $29.97 each. Upon closing the transaction, the insider’s holdings decreased to 1,986 shares, worth approximately $1.04 million.

Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in late January. Earlier on June 17, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for PDCO stock which previously was a “a Neutral”.

Analyzing PDCO Stock Performance

On Thursday, Patterson Companies Inc. [NASDAQ: PDCO] rose 0.73% to $26.37. The stock’s lowest price that day was $25.35, but it reached a high of $26.545 in the same session. During the last five days, there has been a drop of approximately -2.01%. Over the course of the year, Patterson Companies Inc. shares have dropped approximately -10.15%. Shares of the company reached a 52-week high of $35.29 on 04/18/22 and a 52-week low of $23.87 on 09/29/22. A 50-day SMA is recorded $26.29, while a 200-day SMA reached $29.49. Nevertheless, trading volume fell to 0.5 million shares from 0.57 million shares the previous day.

Support And Resistance Levels for Patterson Companies Inc. (PDCO)

According to the 24-hour chart, there is a support level at 25.63, which, if violated, would cause prices to drop to 24.89. In the upper region, resistance lies at 26.83. The next price resistance is at 27.28. RSI (Relative Strength Index) is 49.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 60.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Patterson Companies Inc. subject to short interest?

Stocks of Patterson Companies Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.6 million shares to 5.92 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.32 million shares. A jump of 10.14% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.72 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.72.

Which companies own the most shares of Patterson Companies Inc. (PDCO)?

According to BlackRock Fund Advisors filings, the company currently owns 9,026,910 shares, which is about 9.32% of the total PDCO shares outstanding. The investor’s shares have appreciated by 46,745 from its previous 13-F filing of 8980165.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $210,019,519. T. Rowe Price Associates, Inc. reduced a -38.03% interest valued at $159.64 million while Dimensional Fund Advisors LP sold a -15,976 stake. A total of -159,596 shares of Patterson Companies Inc. were sold by American Century Investment Manag during the quarter, and -45,630 were sold by SSgA Funds Management, Inc. In its current portfolio, Nordea Investment Management AB holds 1,849,812 shares valued at $44.43 million.

In terms of Patterson Companies Inc. share price expectations, FactSet research, analysts set an average price target of $31.30 in the next 12 months, up nearly 20.32% from the previous closing price of $26.18. Analysts anticipate Patterson Companies Inc. stock to reach $36.00 by 2022, with the lowest price target being $26.00. In spite of this, 12 analysts ranked Patterson Companies Inc. stock as a Hold at the end of 2022.


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