DekaBank Deutsche Girozentrale Purchases 2,000 Shares of Pegasystems Inc. (NASDAQ:PEGA)

DekaBank Deutsche Girozentrale boosted its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 75.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,634 shares of the technology company’s stock after purchasing an additional 2,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Pegasystems were worth $226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in shares of Pegasystems during the fourth quarter worth about $85,000. Oak Thistle LLC boosted its stake in Pegasystems by 59.1% in the 4th quarter. Oak Thistle LLC now owns 17,202 shares of the technology company’s stock worth $840,000 after purchasing an additional 6,390 shares during the period. Quent Capital LLC grew its holdings in Pegasystems by 1.8% during the 4th quarter. Quent Capital LLC now owns 12,846 shares of the technology company’s stock valued at $628,000 after buying an additional 228 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Pegasystems during the fourth quarter valued at approximately $201,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Pegasystems by 6.6% in 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. 46.89% of the stock is owned by institutional investors.

Insider Buying and Selling at Pegasystems

In other news, insider Leon Trefler sold 1,504 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $63.80, for a total value of $95,955.20. Following the completion of the sale, the insider now owns 35,533 shares in the company, valued at approximately $2,267,005.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Leon Trefler sold 1,504 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $63.80, for a total transaction of $95,955.20. Following the transaction, the insider now directly owns 35,533 shares in the company, valued at approximately $2,267,005.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard H. Jones sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.39, for a total transaction of $633,900.00. Following the completion of the sale, the director now directly owns 379,658 shares in the company, valued at $24,066,520.62. The disclosure for this sale can be found here. Insiders have sold 43,792 shares of company stock worth $2,781,669 over the last quarter. Insiders own 50.20% of the company’s stock.

Pegasystems Trading Up 0.4 %

PEGA opened at $58.72 on Wednesday. The stock has a 50-day moving average of $62.03 and a 200 day moving average of $52.37. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.41. 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 $4.93 billion, a P/E ratio of 82.71 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.64. The business had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a return on equity of 39.30% and a net margin of 4.73%. As a group, research analysts forecast that Pegasystems Inc. will post 1.49 EPS for the current year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.20%. The ex-dividend date was Thursday, March 28th. Pegasystems’s payout ratio is 16.90%.

Analyst Ratings Changes

PEGA has been the subject of a number of research reports. TheStreet upgraded shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised their price objective on Pegasystems from $50.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Barclays decreased their target price on Pegasystems from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of Pegasystems in a report on Wednesday, April 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Pegasystems in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pegasystems has an average rating of “Moderate Buy” and an average price target of $70.56.

Pegasystems Profile

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.