Pegasystems Inc. (NASDAQ:PEGA) Shares Sold by Amundi

Amundi reduced its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,648 shares of the technology company's stock after selling 19,668 shares during the period. Amundi's holdings in Pegasystems were worth $1,600,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PEGA. Raymond James Financial Inc. purchased a new position in shares of Pegasystems during the fourth quarter worth about $27,623,000. Fisher Asset Management LLC lifted its stake in Pegasystems by 31.7% in the fourth quarter. Fisher Asset Management LLC now owns 637,999 shares of the technology company's stock valued at $59,462,000 after buying an additional 153,703 shares during the last quarter. Foundry Partners LLC purchased a new stake in Pegasystems in the third quarter valued at approximately $9,567,000. Eagle Asset Management Inc. boosted its holdings in shares of Pegasystems by 440.5% in 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. Finally, Allianz Asset Management GmbH grew its position in shares of Pegasystems by 34.2% during the fourth quarter. Allianz Asset Management GmbH now owns 468,393 shares of the technology company's stock worth $43,654,000 after acquiring an additional 119,439 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company's stock.

Insider Buying and Selling at Pegasystems

In related news, Chairman Alan Trefler sold 31,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $77.38, for a total transaction of $2,437,470.00. Following the sale, the chairman now owns 17,308,786 shares of the company's stock, valued at $1,339,353,860.68. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth Stillwell sold 2,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the transaction, the chief financial officer now owns 16,466 shares in the company, valued at approximately $1,547,804. This trade represents a 10.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,543 shares of company stock valued at $6,253,614 over the last quarter. Corporate insiders own 50.10% of the company's stock.

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Pegasystems Stock Up 1.3 %

NASDAQ PEGA traded up $0.94 during mid-day trading on Friday, hitting $72.89. The stock had a trading volume of 757,281 shares, compared to its average volume of 617,471. The company has a 50 day simple moving average of $90.28 and a 200 day simple moving average of $85.31. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 72.17 and a beta of 1.25. Pegasystems Inc. has a 52-week low of $54.55 and a 52-week high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its quarterly earnings results 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 32.09% and a net margin of 6.63%. As a group, equities analysts anticipate that Pegasystems Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on PEGA. Citigroup upped their price target on shares of Pegasystems from $99.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Barclays lowered their price target on Pegasystems from $103.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. KeyCorp reissued an "overweight" rating and issued a $118.00 target price on shares of Pegasystems in a report on Tuesday, January 14th. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a report on Thursday, February 13th. Finally, Rosenblatt Securities upped their price objective on shares of Pegasystems from $95.00 to $115.00 and gave the stock a "buy" rating in a research report 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 stock. According to MarketBeat, Pegasystems has an average rating of "Moderate Buy" and a consensus target price 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.