Pegasystems Inc. (NASDAQ:PEGA) Chairman Alan Trefler Sells 31,500 Shares

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) Chairman Alan Trefler sold 31,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,234,295.00. Following the completion of the transaction, the chairman now owns 17,247,614 shares of the company's stock, valued at $1,223,373,261.02. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alan Trefler also recently made the following trade(s):

• On Tuesday, February 25th, Alan Trefler sold 31,500 shares of Pegasystems stock. The stock was sold at an average price of $77.38, for a total transaction of $2,437,470.00.

Pegasystems Trading Up 5.7 %

NASDAQ:PEGA traded up $3.85 during trading hours on Friday, hitting $71.99. The company had a trading volume of 1,204,381 shares, compared to its average volume of 609,966. The company has a market cap of $6.18 billion, a P/E ratio of 71.28 and a beta of 1.25. Pegasystems Inc. has a 1 year low of $54.55 and a 1 year high of $113.67. The company has a 50-day moving average of $92.11 and a 200 day moving average of $85.24.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%. On average, analysts forecast that Pegasystems Inc. will post 1.89 earnings per share for the current year.

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Institutional Investors Weigh In On Pegasystems

A number of hedge funds and other institutional investors have recently made changes to their positions in PEGA. Crossmark Global Holdings Inc. lifted its stake in shares of Pegasystems by 110.0% during the third quarter. Crossmark Global Holdings Inc. now owns 25,195 shares of the technology company's stock worth $1,842,000 after purchasing an additional 13,200 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Pegasystems by 49.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock worth $48,000 after purchasing an additional 216 shares during the period. Versor Investments LP acquired a new stake in shares of Pegasystems during the 3rd quarter worth approximately $497,000. Victory Capital Management Inc. increased its position in Pegasystems by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 60,383 shares of the technology company's stock valued at $4,413,000 after acquiring an additional 542 shares during the period. Finally, Swiss National Bank increased its position in Pegasystems by 0.6% in the 3rd quarter. Swiss National Bank now owns 83,000 shares of the technology company's stock valued at $6,066,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 46.89% of the company's stock.

Analyst Upgrades and Downgrades

PEGA has been the topic of a number of research reports. KeyCorp reiterated an "overweight" rating and set a $118.00 target price on shares of Pegasystems in a research report on Tuesday, January 14th. Barclays lowered their target price on shares of Pegasystems from $103.00 to $97.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Citigroup raised their target price 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. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $99.36.

About Pegasystems

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.