PTC Inc. (PTC) Can’t Be Less Risky. The Stock Formed a Wedge Up

April 24, 2018 - By Darrin Black

PTC Inc. (NASDAQ:PTC) Logo

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.01, from 1.06 in 2017Q3. It improved, as 34 investors sold PTC Inc. shares while 106 reduced holdings. 58 funds opened positions while 92 raised stakes. 86.60 million shares or 0.81% less from 87.30 million shares in 2017Q3 were reported.
First Personal Finance Service holds 480 shares or 0.01% of its portfolio. Loomis Sayles Co Lp holds 0.02% of its portfolio in PTC Inc. (NASDAQ:PTC) for 164,224 shares. American owns 400 shares. 29,348 were accumulated by Liberty Mutual Asset Mngmt. Da Davidson owns 5,546 shares. Quantitative Invest Mngmt Ltd Liability Corp stated it has 0.13% of its portfolio in PTC Inc. (NASDAQ:PTC). Clinton Grp reported 15,177 shares. Moreover, Art Ltd has 0.06% invested in PTC Inc. (NASDAQ:PTC) for 21,000 shares. Tiaa Cref Inv Management Llc reported 0.02% stake. Solaris Asset Mngmt Ltd Liability Com holds 1,475 shares. Global Endowment Management Limited Partnership reported 5,700 shares or 0.05% of all its holdings. Oz Management L P invested in 3.01M shares or 0.91% of the stock. State Teachers Retirement holds 195,584 shares. 988,340 are owned by Td Asset. Magnetar Financial Ltd has invested 0.01% in PTC Inc. (NASDAQ:PTC).

The stock of PTC Inc. (PTC) formed an up wedge with $87.51 target or 3.00 % above today’s $84.96 share price. The 7 months wedge indicates low risk for the $9.88B company. If the $87.51 price target is reached, the company will be worth $296.37 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.08% or $0.91 during the last trading session, reaching $84.96. About 1.11 million shares traded or 21.62% up from the average. PTC Inc. (NASDAQ:PTC) has risen 49.73% since April 24, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 10 analysts covering PTC (NASDAQ:PTC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. PTC had 23 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Sunday, April 15 with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, October 26. The stock has “Buy” rating by Robert W. Baird on Monday, March 5. The stock of PTC Inc. (NASDAQ:PTC) has “Buy” rating given on Thursday, January 18 by Barclays Capital. The firm earned “Neutral” rating on Thursday, January 18 by Bank of America. The company was maintained on Thursday, January 18 by RBC Capital Markets. The rating was maintained by Guggenheim with “Hold” on Thursday, January 18. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 19 report. Robert W. Baird maintained PTC Inc. (NASDAQ:PTC) on Thursday, January 4 with “Buy” rating. The stock of PTC Inc. (NASDAQ:PTC) has “Buy” rating given on Thursday, January 25 by Robert W. Baird.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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