Pegasystems (NASDAQ:PEGA) Upgraded to Strong-Buy by StockNews.com

Pegasystems (NASDAQ:PEGAGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

PEGA has been the subject of several other reports. Citigroup decreased their price objective on shares of Pegasystems from $70.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Barclays raised shares of Pegasystems from an “underweight” rating to an “equal weight” rating and set a $52.00 target price on the stock in a research report on Friday, January 12th. Finally, DA Davidson reduced their target price on shares of Pegasystems from $52.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.60.

Read Our Latest Stock Report on Pegasystems

Pegasystems Stock Up 0.4 %

Shares of NASDAQ PEGA opened at $50.16 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.98. Pegasystems has a 12 month low of $37.66 and a 12 month high of $59.23. The firm has a market capitalization of $4.19 billion, a PE ratio of -102.37 and a beta of 1.01. The firm has a fifty day simple moving average of $48.88 and a two-hundred day simple moving average of $47.12.

Insider Activity at Pegasystems

In related news, insider Leon Trefler sold 810 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.40, for a total transaction of $42,444.00. Following the sale, the insider now directly owns 24,402 shares of the company’s stock, valued at approximately $1,278,664.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Leon Trefler sold 810 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.40, for a total transaction of $42,444.00. Following the sale, the insider now owns 24,402 shares of the company’s stock, valued at approximately $1,278,664.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $51.85, for a total transaction of $233,325.00. Following the sale, the chief financial officer now directly owns 22,458 shares in the company, valued at approximately $1,164,447.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,571 shares of company stock valued at $393,875. 50.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Pegasystems

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake in shares of Pegasystems by 80.1% in the 4th quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $25,000 after purchasing an additional 226 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Pegasystems by 219.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $26,000 after purchasing an additional 364 shares during the period. Headlands Technologies LLC bought a new position in shares of Pegasystems in the 4th quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in shares of Pegasystems in the 4th quarter worth approximately $44,000. Finally, Quarry LP bought a new position in shares of Pegasystems in the 1st quarter worth approximately $45,000. Institutional investors own 46.89% of the company’s stock.

About Pegasystems

(Get Free Report)

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software applications 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 Platform, an intelligent automation software for clients' processes and workflows; and Pega Infinity, a software platform that unifies customer engagement and digital process automation.

See Also

Analyst Recommendations for Pegasystems (NASDAQ:PEGA)

Receive News & Ratings for Pegasystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems and related companies with MarketBeat.com's FREE daily email newsletter.