Patterson Companies Inc.’s recently made public that its Chief Financial Officer BARRY KEVIN MICHAEL unloaded Company’s shares for reported $0.27 million on Dec 05. In the deal valued at $29.10 per share,9,443 shares were sold. As a result of this transaction, BARRY KEVIN MICHAEL now holds 6,442 shares worth roughly $ 0.17 million.
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Then, Zurbay Donald sold 10,180 shares, generating $301,141 in total proceeds. Upon selling the shares at $29.58, the Chief Financial Officer now owns 78,032 shares.
Before that, KORSH LES B sold 4,889 shares. Patterson Companies Inc. shares valued at $144,930 were divested by the Chief Legal Officer at a price of $29.64 per share. As a result of the transaction, KORSH LES B now holds 71,449 shares, worth roughly $1.85 million.
PT values the company’s stock at a premium of 27.94 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late January with a ‘”an Equal-weight”‘ rating. Piper Sandler revised its rating on June 17, 2021. It rated PDCO as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of PDCO
On Tuesday, Patterson Companies Inc. [NASDAQ:PDCO] saw its stock fall -0.77% to $25.94. On the same session, the stock had its day’s lowest price of $25.75, but rose to a high of $26.63. Over the last five days, the stock has lost -4.56%. Patterson Companies Inc. shares have fallen nearly -7.46% since the year began. Nevertheless, the stocks have fallen -16.30% over the past one year. While a 52-week high of $35.29 was reached on 02/03/23, a 52-week low of $23.87 was recorded on 03/02/23. SMA at 50 days reached $28.57, while 200 days put it at $28.42. A total of 1.34 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For PDCO Stock
The 24-hour chart illustrates a support level at 25.58, which if violated will result in even more drops to 25.23. On the upside, there is a resistance level at 26.46. A further resistance level may holdings at 26.99. The Relative Strength Index (RSI) on the 14-day chart is 29.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.97%. Stochastics %K at 32.25% indicates the stock is a holding.
How much short interest is there in Patterson Companies Inc.?
A steep rise in short interest was recorded in Patterson Companies Inc. stocks on Jan 12, 2023, growing by 0.0 shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.43 million shares.
Patterson Companies Inc. [PDCO] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,167,723 shares, or roughly 9.45% of the outstanding PDCO shares. In other words, the investor’s shares have risen by 140,813 from its previous 13-F filing of 9026910.0. Additionally, The Vanguard Group, Inc. increased 1.54% of its stake after which the total value it holdings stand at $239,325,470, while T. Rowe Price Associates, Inc. reduced -33.19% of its stake to hold $115.8 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 100,416 shares of Patterson Companies Inc., while American Century Investment Manag bought 34,268 shares. At present, SSgA Funds Management, Inc. is holding 2,962,448 shares valued at $78.56 million. River Road Asset Management LLC owned 2,815,260 shares of the company at the time of its most recent 13F filing, worth $74.66 million.
According to FactSet, Patterson Companies Inc.’s share price will average $31.59 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.59 percent from its previous closing price of $26.14. Analysts expect Patterson Companies Inc. stock to reach the higher price of $36.00, while the lowest price estimate is $27.50. However, 13 analysts have rated PDCO stock as a Hold in their predictions for 2023.