Executive Chairman of Parametric Technology New (PMTC) C Richard Harrison sells 312,046 shares of PMTC on 10/29/2010 at an average price of $21.41 a share.

Parametric Technology New has a market cap of $2.43 billion; its shares were traded at around $21.35 with a P/E ratio of 36.4 and P/S ratio of 2.6.

PMTC is in the portfolios of Westport Asset Management, Steven Cohen of SAC Capital Advisors, Bruce Kovner of Caxton Associates, Jeremy Grantham of GMO LLC, Chuck Royce of Royce& Associates.

CFO Recent Trades:

• Sell: CFO, EVP Cornelius F Moses Iii sold 11,216 shares of PMTC stock on 09/08/2010 at the average price of 17.95. Cornelius F Moses Iii owns at least 168,124 shares after this. The price of the stock has increased by 18.94% since.


• Sell: CFO, EVP Cornelius F Moses Iii sold 94,803 shares of PMTC stock on 09/07/2010 at the average price of 17.99. Cornelius F Moses Iii owns at least 168,124 shares after this. The price of the stock has increased by 18.68% since.


• Sell: CFO, EVP Cornelius F Moses Iii sold 293,980 shares of PMTC stock on 09/03/2010 at the average price of 18.01. Cornelius F Moses Iii owns at least 168,124 shares after this. The price of the stock has increased by 18.55% since.


• Sell: CFO, EVP Cornelius F Moses Iii sold 15,360 shares of PMTC stock on 07/30/2010 at the average price of 17.83. Cornelius F Moses Iii owns at least 168,124 shares after this. The price of the stock has increased by 19.74% since.

This is the insider trade history vs. stock price of PMTC. For the complete insider trading history of PMTC, click here.

Directors and Officers Recent Trades:

• Sell: Executive Chairman C Richard Harrison sold 312,046 shares of PMTC stock on 10/29/2010 at the average price of 21.41. C Richard Harrison owns at least 985,058 shares after this. The price of the stock has decreased by 0.28% since.


• Sell: EVP Global Maintenance Support Anthony Dibona sold 20,000 shares of PMTC stock on 10/29/2010 at the average price of 21.44. Anthony Dibona owns at least 61,991 shares after this. The price of the stock has decreased by 0.42% since.


• Sell: President and COO James E Heppelmann sold 50,000 shares of PMTC stock on 09/03/2010 at the average price of 18.04. James E Heppelmann owns at least 199,598 shares after this. The price of the stock has increased by 18.35% since.


• Sell: EVP Worldwide Sales Paul J Cunningham sold 20,000 shares of PMTC stock on 09/02/2010 at the average price of 17.65. Paul J Cunningham owns at least 100,740 shares after this. The price of the stock has increased by 20.96% since.


• Sell: CVP,General Counsel, Secretary Staats Aaron C Von sold 5,000 shares of PMTC stock on 08/27/2010 at the average price of 17.25. Staats Aaron C Von owns at least 29,772 shares after this. The price of the stock has increased by 23.77% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool