Pegasystems Inc. (PEGA)

Swiss National Bank Decreases Stock Position in Pegasystems Inc. (NASDAQ:PEGA)

Swiss National Bank trimmed its position in shares of Pegasystems Inc. (NASDAQ:PEGA – Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,100 shares of the technology company’s stock after selling 9,100 shares during the quarter. Swiss National Bank owned approximately 0.10% of Pegasystems worth $4,011,000 as of its most recent filing with the SEC. Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Pegasystems by 6.6% during the third quarter. Vanguard Group Inc. now owns 5,004,116 shares of the technology company’s stock worth $217,229,000 after buying an additional 310,242 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pegasystems by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,109 shares of the technology company’s stock worth $46,227,000 after purchasing an additional 31,925 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pegasystems by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 318,002 shares of the technology company’s stock valued at $13,804,000 after purchasing an additional 10,653 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Pegasystems in the third quarter valued at approximately $2,104,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Pegasystems during the third quarter worth approximately $114,000. 46.89% of the stock is owned by institutional investors and hedge funds. Insider Activity In other Pegasystems news, CAO Efstathios A. Kouninis sold 395 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $64.75, for a total transaction of $25,576.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kenneth Stillwell sold 6,535 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $63.66, for a total transaction of $416,018.10. Following the completion of the transaction, the chief financial officer now owns 18,000 shares in the company, valued at $1,145,880. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 395 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $64.75, for a total value of $25,576.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,938 shares of company stock worth $2,254,944. Corporate insiders own 50.20% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have issued reports on PEGA. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Pegasystems in a report on Friday, April 26th. StockNews.com raised shares of Pegasystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Pegasystems in a research note on Monday, March 4th. Royal Bank of Canada lifted their price target on shares of Pegasystems from $65.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group raised their target price on Pegasystems from $50.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.33. Check Out Our Latest Stock Analysis on Pegasystems Pegasystems Trading Down 0.6 % PEGA opened at $62.88 on Monday. The stock’s 50-day moving average price is $61.84 and its 200 day moving average price is $55.42. Pegasystems Inc. has a 12-month low of $37.66 and a 12-month high of $69.26. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 76.68 and a beta of 1.05. Pegasystems (NASDAQ:PEGA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $330.15 million for the quarter, compared to analyst estimates of $339.70 million. Pegasystems had a return on equity of 45.00% and a net margin of 5.32%. On average, research analysts forecast that Pegasystems Inc. will post 1.5 earnings per share for the current year. Pegasystems Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Thursday, March 28th. Pegasystems’s dividend payout ratio is currently 14.63%. 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.