Monitoring PTC Inc. (PTC) after recent insider movements

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In a filing, PTC Inc. revealed its Director Moret Blake D. unloaded Company’s shares for reported $0.21 million on Nov 02. In the deal valued at $121.54 per share,1,700 shares were sold. As a result of this transaction, Moret Blake D. now holds 8,878,017 shares worth roughly $ 1.1 billion.


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Then, Moret Blake D. sold 8,000 shares, generating $963,322 in total proceeds. Upon selling the shares at $120.42, the Director now owns 8,879,717 shares.

Before that, Moret Blake D. sold 303,333 shares. PTC Inc. shares valued at $36,452,423 were divested by the Director at a price of $120.17 per share. As a result of the transaction, Moret Blake D. now holds 8,887,717 shares, worth roughly $1.1 billion.

A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. Oppenheimer began covering PTC with “Perform” recommendation on July 27, 2022. JP Morgan revised its rating on December 14, 2021. It rated PTC as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of PTC

On Friday, PTC Inc. [NASDAQ:PTC] saw its stock jump 0.87% to $124.24. On the same session, the stock had its day’s lowest price of $121.482, but rose to a high of $126.33. Over the last five days, the stock has gained 6.24%. PTC Inc. shares have risen nearly 2.55% since the year began. Nevertheless, the stocks have risen 2.74% over the past one year. While a 52-week high of $136.00 was reached on 07/28/22, a 52-week low of $96.55 was recorded on 04/27/22. SMA at 50 days reached $112.69, while 200 days put it at $111.21. A total of 1.11 million shares were traded, compared to the trading of 2.26 million shares in the previous session.

Levels Of Support And Resistance For PTC Stock

The 24-hour chart illustrates a support level at 121.70, which if violated will result in even more drops to 119.17. On the upside, there is a resistance level at 126.55. A further resistance level may holdings at 128.87. The Relative Strength Index (RSI) on the 14-day chart is 68.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.70%. Stochastics %K at 78.22% indicates the stock is a holding.

How much short interest is there in PTC Inc.?

A steep rise in short interest was recorded in PTC Inc. stocks on Jul 14, 2022, dropping by -0.83 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.53 million shares. There was a decline of -48.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.51.

PTC Inc. [PTC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,516,888 shares, or roughly 9.80% of the outstanding PTC shares. In other words, the investor’s shares have risen by 81,446 from its previous 13-F filing of 11435442.0. Additionally, BlackRock Fund Advisors increased 0.26% of its stake after which the total value it holdings stand at $612,805,376, while AllianceBernstein LP added 21.08% of its stake to hold $516.72 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -67,741 shares of PTC Inc., while Pictet Asset Management SA sold -388,004 shares. At present, SSgA Funds Management, Inc. is holding 4,027,119 shares valued at $421.24 million. Standard Investments LLC owned 4,005,000 shares of the company at the time of its most recent 13F filing, worth $418.92 million.

According to FactSet, PTC Inc.’s share price will average $142.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.85 percent from its previous closing price of $123.17. Analysts expect PTC Inc. stock to reach the higher price of $160.00, while the lowest price estimate is $128.00. The most recent change occurred on June 08, 2021 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $157 price target.

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