PTC Inc. [PTC] stock for 1,214,661 USD was sold by Moret Blake D.


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PTC Inc. shares valued at $1,214,661 were sold by Moret Blake D. on Mar 09. At $123.14 per share, Moret Blake D. sold 9,864 shares. The insider’s holdings dropped to 7,235,832 shares worth approximately $850.35 million following the completion of this transaction.

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Also, Moret Blake D. sold 20,000 shares, netting a total of over 2,448,504 in proceeds. Following the sale of shares at $122.43 each, the insider now holds 7,245,696 shares.

Before that, Moret Blake D. had sold 19,368 shares from its account. In a trade valued at $2,372,906, the Director traded PTC Inc. shares for $122.52 each. Upon closing the transaction, the insider’s holdings decreased to 19,368 shares, worth approximately $853.86 million.

As published in a research note from KeyBanc Capital Markets on January 23, 2023, PTC Inc. [PTC] has been rated up from a Sector weight to an Overweight and the price target has been revised to $155. This represents a 24.18% premium over Wednesday’s closing price. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. Earlier on August 17, 2022, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for PTC stock.

Analyzing PTC Stock Performance

On Wednesday, PTC Inc. [NASDAQ: PTC] plunged -2.03% to $117.52. The stock’s lowest price that day was $115.65, but it reached a high of $120.07 in the same session. During the last five days, there has been a drop of approximately -4.19%. Over the course of the year, PTC Inc. shares have dropped approximately -2.10%. Shares of the company reached a 52-week high of $139.91 on 01/26/23 and a 52-week low of $115.44 on 03/13/23. A 50-day SMA is recorded $128.42, while a 200-day SMA reached $118.99. Nevertheless, trading volume fell to 0.92 million shares from 0.65 million shares the previous day.

Support And Resistance Levels for PTC Inc. (PTC)

According to the 24-hour chart, there is a support level at 115.42, which, if violated, would cause prices to drop to 113.33. In the upper region, resistance lies at 119.84. The next price resistance is at 122.17. RSI (Relative Strength Index) is 32.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.23, which suggests the price will decrease in the coming days. Percent R is at 84.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is PTC Inc. subject to short interest?

Stocks of PTC Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by 20000.0 shares to 1.47 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 1.49 million shares. A decline of -1.36% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.43 of the overall float, the days-to-cover ratio (short ratio) decline to 2.43.

Which companies own the most shares of PTC Inc. (PTC)?

According to The Vanguard Group, Inc. filings, the company currently owns 11,800,171 shares, which is about 9.98% of the total PTC shares outstanding. The investor’s shares have appreciated by 142,181 from its previous 13-F filing of 11657990.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $780,397,575. Pictet Asset Management SA acquire a 0.25% interest valued at $554.07 million while AllianceBernstein LP sold a -218,649 stake. A total of -49,618 shares of PTC Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 4,760 were bought by T. Rowe Price Investment Manageme. In its current portfolio, Select Equity Group LP holds 3,504,626 shares valued at $439.23 million.

In terms of PTC Inc. share price expectations, FactSet research, analysts set an average price target of $153.63 in the next 12 months, up nearly 29.21% from the previous closing price of $119.96. Analysts anticipate PTC Inc. stock to reach $170.00 by 2023, with the lowest price target being $130.00. In spite of this, 19 analysts ranked PTC Inc. stock as an Overweight at the end of 2023.


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