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 on Tuesday, March 11th. The stock was sold at an average price of $70.93, for a total value of $2,234,295.00. Following the completion of the transaction, the chairman now directly owns 17,247,614 shares in the company, valued at approximately $1,223,373,261.02. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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

Pegasystems Trading Up 5.7 %

Shares of PEGA traded up $3.85 during midday trading on Friday, reaching $71.99. The stock had a trading volume of 1,204,381 shares, compared to its average volume of 609,830. The company's 50-day moving average is $92.11 and its 200 day moving average is $85.47. Pegasystems Inc. has a 12-month low of $54.55 and a 12-month high of $113.67. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 71.28 and a beta of 1.25.

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

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Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEGA. Royal Bank of Canada boosted their price objective on Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Barclays decreased their target price on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. KeyCorp restated an "overweight" rating and issued a $118.00 target price on shares of Pegasystems in a research note on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Finally, Rosenblatt Securities upped their target price on Pegasystems from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $99.36.

Institutional Investors Weigh In On Pegasystems

Institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. lifted its holdings in Pegasystems by 150.5% in the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after buying an additional 167 shares during the period. True Wealth Design LLC purchased a new stake in Pegasystems during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Pegasystems by 85.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after buying an additional 149 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Pegasystems by 49.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock worth $48,000 after buying an additional 216 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Pegasystems during the fourth quarter valued at $61,000. 46.89% of the stock is currently owned by hedge funds and other institutional investors.

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.