2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC grew its holdings in shares of Pegasystems Inc. ( NASDAQ:PEGA – Free Report ) by 28.4% in the second quarter, HoldingsChannel reports.
The fund owned 5,760 shares of the technology company’s stock after purchasing an additional 1,273 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Pegasystems were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also bought and sold shares of the stock.
Versant Capital Management Inc lifted its position in shares of Pegasystems by 15,120.0% in the second quarter. Versant Capital Management Inc now owns 761 shares of the technology company’s stock worth $46,000 after buying an additional 756 shares in the last quarter.
Headlands Technologies LLC lifted its stake in Pegasystems by 64.0% in the first quarter. Headlands Technologies LLC now owns 869 shares of the technology company’s stock worth $56,000 after acquiring an additional 339 shares during the period.
Covestor Ltd boosted its stake in shares of Pegasystems by 633.9% during the first quarter. Covestor Ltd now owns 1,233 shares of the technology company’s stock valued at $80,000 after purchasing an additional 1,065 shares in the last quarter.
Picton Mahoney Asset Management purchased a new position in shares of Pegasystems in the 2nd quarter valued at $124,000. Finally, Vinva Investment Management Ltd purchased a new position in Pegasystems in the fourth quarter valued at about $136,000. Hedge funds and other institutional investors own 46.
89% of the company’s stock. Pegasystems Trading Down 0.9 % Shares of NASDAQ:PEGA opened at $72.
21 on Friday. The firm has a market cap of $6.17 billion, a P/E ratio of 88.
06 and a beta of 1.07. Pegasystems Inc.
has a twelve month low of $37.66 and a twelve month high of $74.40.
The company has a 50 day moving average of $67.72 and a 200-day moving average of $62.94.
Pegasystems Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a $0.03 dividend.
The ex-dividend date is Tuesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.
17%. Pegasystems’s dividend payout ratio is 14.63%.
Analysts Set New Price Targets A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their target price on Pegasystems from $77.00 to $90.
00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. William Blair raised Pegasystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 30th. DA Davidson upped their price target on shares of Pegasystems from $60.
00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Rosenblatt Securities raised their price objective on Pegasystems from $75.
00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Wedbush restated an “outperform” rating and set a $90.
00 target price on shares of Pegasystems in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.60. Read Our Latest Stock Report on PEGA Insider Buying and Selling at Pegasystems In other Pegasystems news, insider Rifat Kerim Akgonul sold 1,000 shares of the stock in a transaction on Tuesday, September 3rd.
The stock was sold at an average price of $70.41, for a total transaction of $70,410.00.
Following the completion of the transaction, the insider now directly owns 46,505 shares in the company, valued at $3,274,417.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other Pegasystems news, insider Rifat Kerim Akgonul sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $70.41, for a total transaction of $70,410.
00. Following the sale, the insider now directly owns 46,505 shares in the company, valued at approximately $3,274,417.05.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $59.
78, for a total value of $119,560.00. Following the completion of the sale, the chief financial officer now directly owns 22,197 shares in the company, valued at approximately $1,326,936.
66. The disclosure for this sale can be found here . Insiders sold a total of 46,955 shares of company stock valued at $3,243,771 in the last quarter.
Corporate insiders own 50.10% of the company’s stock. About Pegasystems ( 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. Featured Articles Want to see what other hedge funds are holding PEGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pegasystems Inc.
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