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PTC Inc’s latest rating changes from various analysts

In a filing, PTC Inc revealed its Director CHAFFIN JANICE unloaded Company’s shares for reported $0.71 million on Jun 12 ’24. In the deal valued at $178.20 per share,4,000 shares were sold. As a result of this transaction, CHAFFIN JANICE now holds 52,137 shares worth roughly $9.44 million.

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Then, Kniker Catherine sold 1,254 shares, generating $217,507 in total proceeds. Upon selling the shares at $173.45, the Chief Strategy Officer now owns 13,598 shares.

Before that, Ditullio Michael sold 6,592 shares. PTC Inc shares valued at $1,207,347 were divested by the President and COO at a price of $183.15 per share. As a result of the transaction, Ditullio Michael now holds 53,148 shares, worth roughly $9.62 million.

Mizuho downgraded its PTC Inc [PTC] rating to a Neutral from a a Buy in a research note published on June 04, 2024; the price target was decreased to $190 from $200. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Oppenheimer also remained covering PTC and has increased its forecast on October 30, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Piper Sandler started covering the stock on June 14, 2023. It rated PTC as “a Neutral”.

Price Performance Review of PTC

On Monday, PTC Inc [NASDAQ:PTC] saw its stock fall -0.36% to $181.02. Over the last five days, the stock has gained 1.93%. PTC Inc shares have risen nearly 3.46% since the year began. Nevertheless, the stocks have risen 26.92% over the past one year. While a 52-week high of $194.24 was reached on 03/21/24, a 52-week low of $134.61 was recorded on 05/02/24. SMA at 50 days reached $178.06, while 200 days put it at $169.02. A total of 0.65 million shares were traded, compared to the trading of 1.66 million shares in the previous session.

Levels Of Support And Resistance For PTC Stock

The 24-hour chart illustrates a support level at 179.32, which if violated will result in even more drops to 177.63. On the upside, there is a resistance level at 182.26. A further resistance level may holdings at 183.51. The Relative Strength Index (RSI) on the 14-day chart is 59.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.36%. Stochastics%K at 83.37% indicates the stock is a selling.

The most recent change occurred on May 24, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $166 price target.

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