PTC (PTC) : Traders are bullish on PTC (PTC) as it has outperformed the S&P 500 by a wide margin of 6.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.06% in the last 1 week, and is up 7.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.78% and the 50-Day Moving Average is 7.75%. PTC (NASDAQ:PTC): stock turned positive on Friday. Though the stock opened at $41.58, the bulls momentum made the stock top out at $41.71 level for the day. The stock recorded a low of $41.37 and closed the trading day at $41.66, in the green by 0.02%. The total traded volume for the day was 553,173. The stock had closed at $41.65 in the previous days trading.
The company Insiders own 1.02% of PTC shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.91% . Institutional Investors own 93.87% of PTC shares. During last six month period, the net percent change held by insiders has seen a change of -12.14%. Also, Citigroup initiates coverage on PTC (NASDAQ:PTC). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup announces a current price target of $48 per share. The rating by the firm was issued on August 1, 2016.
PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.