PowerShares KBW Bank ETF (KBWB) Forms $56.31 Double Top; Tensile Capital Management Has Decreased By $882,000 Its Ptc (PTC) Position

PTC Inc. (NASDAQ:PTC) Logo

Tensile Capital Management Llc decreased Ptc Inc (PTC) stake by 1.86% reported in 2017Q4 SEC filing. Tensile Capital Management Llc sold 14,700 shares as Ptc Inc (PTC)’s stock rose 31.32%. The Tensile Capital Management Llc holds 774,926 shares with $47.09 million value, down from 789,626 last quarter. Ptc Inc now has $9.89 billion valuation. The stock decreased 0.20% or $0.17 during the last trading session, reaching $85.67. About 550,748 shares traded. PTC Inc. (NASDAQ:PTC) has risen 49.73% since May 27, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

PowerShares KBW Bank ETF (KBWB) formed double top with $59.13 target or 5.00% above today’s $56.31 share price. PowerShares KBW Bank ETF (KBWB) has $1.17 billion valuation. The ETF decreased 0.53% or $0.3 during the last trading session, reaching $56.31. About 228,317 shares traded. PowerShares KBW Bank ETF (NASDAQ:KBWB) has risen 16.07% since May 27, 2017 and is uptrending. It has outperformed by 4.52% the S&P500.

Among 17 analysts covering PTC (NASDAQ:PTC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. PTC had 56 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of PTC in report on Sunday, April 15 with “Buy” rating. The rating was maintained by Berenberg with “Buy” on Monday, April 23. The firm has “Buy” rating given on Thursday, January 18 by Barclays Capital. On Thursday, October 26 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Guggenheim maintained PTC Inc. (NASDAQ:PTC) rating on Thursday, January 18. Guggenheim has “Hold” rating and $66.0 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, January 17. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, September 6. As per Thursday, January 4, the company rating was maintained by Robert W. Baird. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, March 9. The firm has “Buy” rating given on Thursday, January 18 by Wedbush.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Nasdaq.com which released: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” on May 03, 2018, also Businesswire.com with their article: “PTC Named a Visionary in Gartner Magic Quadrant for Industrial IoT Platforms” published on May 24, 2018, Businesswire.com published: “PTC to Host Investor Session at LiveWorx on Monday, June 18” on May 21, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Businesswire.com and their article: “PTC Continues Competitive Momentum with New and Expanded Creo Customers” published on May 17, 2018 as well as Businesswire.com‘s news article titled: “PTC to Participate in Three Upcoming Investor Conferences” with publication date: May 08, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

Free Email Newsletter

Enter your email address below to get the latest news and analysts’ ratings for your stocks with our free daily email newsletter: