Vinva Investment Management Ltd Takes $136,000 Position in Pegasystems Inc. (NASDAQ:PEGA)

Vinva Investment Management Ltd bought a new stake in Pegasystems Inc. (NASDAQ:PEGAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,792 shares of the technology company’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted 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 valued at $25,000 after purchasing an additional 226 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Pegasystems by 219.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $26,000 after buying an additional 364 shares in the last quarter. Headlands Technologies LLC acquired a new position in Pegasystems during the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd acquired a new position in Pegasystems during the 4th quarter worth about $44,000. Finally, New York State Teachers Retirement System acquired a new position in Pegasystems during the 4th quarter worth about $85,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

Insider Activity

In related news, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $63.70, for a total transaction of $127,400.00. Following the completion of the sale, the chief financial officer now directly owns 24,884 shares of the company’s stock, valued at approximately $1,585,110.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Leon Trefler sold 752 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $60.34, for a total transaction of $45,375.68. Following the completion of the sale, the insider now directly owns 39,188 shares of the company’s stock, valued at approximately $2,364,603.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $63.70, for a total value of $127,400.00. Following the sale, the chief financial officer now directly owns 24,884 shares of the company’s stock, valued at $1,585,110.80. The disclosure for this sale can be found here. Insiders sold a total of 15,504 shares of company stock valued at $950,634 in the last ninety days. 50.10% of the stock is owned by insiders.

Pegasystems Price Performance

Shares of PEGA stock opened at $57.68 on Monday. The stock has a market cap of $4.90 billion, a PE ratio of 70.34 and a beta of 1.05. The stock has a 50-day moving average of $60.34 and a 200-day moving average of $56.66. Pegasystems Inc. has a one year low of $37.66 and a one year high of $69.26.

Pegasystems (NASDAQ:PEGAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $330.15 million during the quarter, compared to the consensus estimate of $339.70 million. Pegasystems had a net margin of 5.32% and a return on equity of 45.00%. As a group, research analysts anticipate that Pegasystems Inc. will post 1.5 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.03 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.21%. Pegasystems’s dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PEGA shares. TheStreet upgraded shares of Pegasystems from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Barclays upped their price target on shares of Pegasystems from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Wedbush reiterated an “outperform” rating and set a $90.00 price target on shares of Pegasystems in a research report on Friday, April 26th. DA Davidson reissued a “neutral” rating and set a $60.00 price objective on shares of Pegasystems in a report on Monday, March 4th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $75.00 price objective on shares of Pegasystems in a report on Tuesday, April 23rd. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.33.

Read Our Latest Report on PEGA

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.

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Institutional Ownership by Quarter for Pegasystems (NASDAQ:PEGA)

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