PTC Inc. (PTC) Becoming More Attractive for Investors


PTC Inc.’s recent filing unveils that its Director Moret Blake D. unloaded Company’s shares for reported $11.65 million on Jul 31. In the deal valued at $145.58 per share,80,000 shares were sold. As a result of this transaction, Moret Blake D. now holds 5,910,905 shares worth roughly $ 856.19 million.

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Then, Moret Blake D. sold 80,000 shares, generating $11,600,126 in total proceeds. Upon selling the shares at $145.00, the Director now owns 5,990,905 shares.

Before that, LACY PAUL A sold 2,500 shares. PTC Inc. shares valued at $376,209 were divested by the Director at a price of $150.48 per share. As a result of the transaction, LACY PAUL A now holds 19,136 shares, worth roughly $2.77 million.

Piper Sandler initiated its PTC Inc. [PTC] rating to a Neutral in a research note published on Friday, June 14, 2023; the price target was $150. PT values the company’s stock at a premium of 3.43 to its Friday closing price.

Price Performance Review of PTC

On Friday, PTC Inc. [NASDAQ:PTC] saw its stock jump 3.29% to $144.85. On the same session, the stock had its day’s lowest price of $140.58, but rose to a high of $145.42. Over the last five days, the stock has gained 3.52%. PTC Inc. shares have risen nearly 20.67% since the year began. Nevertheless, the stocks have risen 25.18% over the past one year. While a 52-week high of $152.09 was reached on 07/27/23, a 52-week low of $101.82 was recorded on 03/13/23. SMA at 50 days reached $142.77, while 200 days put it at $131.40. A total of 0.68 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For PTC Stock

The 24-hour chart illustrates a support level at 141.81, which if violated will result in even more drops to 138.78. On the upside, there is a resistance level at 146.65. A further resistance level may holdings at 148.46. The Relative Strength Index (RSI) on the 14-day chart is 55.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.56%. Stochastics %K at 48.79% 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 30, 2023, dropping by 100000.0 shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Jun 29, 2023 was 1.56 million shares. There was a decline of -6.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.1.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,567,984 shares, or roughly 10.62% of the outstanding PTC shares. In other words, the investor’s shares have risen by 578,891 from its previous 13-F filing of 11989093.0. Additionally, BlackRock Fund Advisors increased 18.47% of its stake after which the total value it holdings stand at $1,062,944,985, while T. Rowe Price Investment Manageme added 12.23% of its stake to hold $695.24 million in the firm. Over the last quarter, Pictet Asset Management SA sold -129,655 shares of PTC Inc., while SSgA Funds Management, Inc. sold 167,705 shares. At present, AllianceBernstein LP is holding 3,774,732 shares valued at $550.39 million. Lone Pine Capital LLC owned 3,167,520 shares of the company at the time of its most recent 13F filing, worth $461.86 million.

According to FactSet, PTC Inc.’s share price will average $164.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.66 percent from its previous closing price of $140.24. Analysts expect PTC Inc. stock to reach the higher price of $180.00, while the lowest price estimate is $130.00. However, 20 analysts have rated PTC stock as an Overweight in their predictions for 2023.


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