2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. increased its position in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) by 31.
7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,429 shares of the technology company’s stock after buying an additional 8,055 shares during the period. Envestnet Asset Management Inc.
’s holdings in Pegasystems were worth $3,116,000 at the end of the most recent reporting period. Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc.
boosted its stake in shares of Pegasystems by 150.5% in the 4th quarter. Principal Securities Inc.
now owns 278 shares of the technology company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Pegasystems by 85.6% during the 4th quarter.
EverSource Wealth Advisors LLC now owns 323 shares of the technology company’s stock worth $30,000 after purchasing an additional 149 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Pegasystems by 48.0% in the fourth quarter.
Global Retirement Partners LLC now owns 789 shares of the technology company’s stock valued at $74,000 after buying an additional 256 shares during the period. KBC Group NV boosted its position in shares of Pegasystems by 28.6% in the 4th quarter.
KBC Group NV now owns 1,791 shares of the technology company’s stock worth $167,000 after purchasing an additional 398 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Pegasystems by 448.3% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,963 shares of the technology company’s stock worth $183,000 after buying an additional 1,605 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors.
Insiders Place Their BetsIn other news, Chairman Alan Trefler sold 31,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $77.38, for a total transaction of $2,437,470.
00. Following the sale, the chairman now directly owns 17,308,786 shares of the company’s stock, valued at $1,339,353,860.68.
This represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, CAO Efstathios A. Kouninis sold 658 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $89.
90, for a total transaction of $59,154.20. Following the sale, the chief accounting officer now owns 1,000 shares in the company, valued at $89,900.
This represents a 39.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders sold a total of 116,949 shares of company stock worth $8,703,263 over the last three months. 50.10% of the stock is currently owned by company insiders.
Analyst Ratings ChangesSeveral brokerages have commented on PEGA. KeyCorp dropped their target price on shares of Pegasystems from $118.00 to $94.
00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays restated a “positive” rating on shares of Pegasystems in a report on Thursday. Citigroup cut their price objective on Pegasystems from $119.
00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday. Rosenblatt Securities reduced their target price on shares of Pegasystems from $115.
00 to $95.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $125.
00 price objective on shares of Pegasystems in a report on Thursday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.
com, Pegasystems currently has an average rating of “Moderate Buy” and a consensus target price of $100.27.View Our Latest Research Report on PegasystemsPegasystems Stock Up 0.
4 %Shares of PEGA stock opened at $91.69 on Friday. Pegasystems Inc.
has a twelve month low of $55.71 and a twelve month high of $113.67.
The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 90.78 and a beta of 1.
22. The business’s fifty day moving average is $73.26 and its 200 day moving average is $85.
60. Pegasystems (NASDAQ:PEGA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.
27 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.20).
Pegasystems had a net margin of 6.63% and a return on equity of 32.09%.
Equities research analysts expect that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.
Pegasystems Cuts DividendThe business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.015 dividend.
The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.
07%. Pegasystems’s dividend payout ratio (DPR) is 11.88%.
Pegasystems Profile (Free Report)Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.Read MoreFive stocks we like better than PegasystemsWhen to Sell a Stock for Profit or LossShort Sellers Gave Up on These 3 Names RecentlyHow to trade penny stocks: A step-by-step guide3 Boring Stocks Outperforming the Market This YearHow to Calculate Options ProfitsIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding PEGA? Visit HoldingsChannel.
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