Pegasystems Inc. (NASDAQ:PEGA) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,787 shares of the technology company’s stock after selling 13,080 shares during the quarter. Vontobel Holding Ltd.’s holdings in Pegasystems were worth $3,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Pegasystems by 3.3% during the third quarter. Geode Capital Management LLC now owns 819,282 shares of the technology company’s stock valued at $59,895,000 after acquiring an additional 25,901 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Pegasystems by 0.6% during the third quarter. Fisher Asset Management LLC now owns 484,296 shares of the technology company’s stock valued at $35,397,000 after acquiring an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pegasystems by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 322,424 shares of the technology company’s stock valued at $23,566,000 after acquiring an additional 11,102 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Pegasystems by 82.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,058 shares of the technology company’s stock valued at $16,556,000 after acquiring an additional 80,495 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Pegasystems by 440.5% during the third quarter. Eagle Asset Management Inc. now owns 147,350 shares of the technology company’s stock valued at $10,770,000 after acquiring an additional 120,090 shares during the period. Institutional investors and hedge funds own 46.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities lifted their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Citigroup lifted their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wedbush lifted their price objective on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, KeyCorp restated an “overweight” rating and set a $118.00 price objective on shares of Pegasystems in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.36.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of Pegasystems stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $105.63, for a total transaction of $211,260.00. Following the transaction, the chief financial officer now owns 14,466 shares of the company’s stock, valued at $1,528,043.58. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Efstathios A. Kouninis sold 299 shares of Pegasystems stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $96.90, for a total value of $28,973.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,003 shares of company stock valued at $1,346,086 in the last 90 days. 50.10% of the stock is currently owned by corporate insiders.

Pegasystems Trading Down 0.3 %

NASDAQ PEGA opened at $85.02 on Monday. The stock’s 50-day moving average price is $99.04 and its two-hundred day moving average price is $83.97. The company has a market cap of $7.29 billion, a PE ratio of 62.06 and a beta of 1.11. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. Research analysts forecast that Pegasystems Inc. will post 1.63 EPS for the current fiscal year.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.14%. Pegasystems’s dividend payout ratio (DPR) is presently 8.76%.

Pegasystems Company 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.