Vontobel Holding Ltd. Lowers Stock Holdings in Pegasystems Inc. (NASDAQ:PEGA)

Vontobel Holding Ltd. cut its position in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Pegasystems by 82.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,058 shares of the technology company's stock valued at $16,556,000 after purchasing an additional 80,495 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in Pegasystems during the 4th quarter worth approximately $453,000. Wilmington Savings Fund Society FSB grew its stake in shares of Pegasystems by 16,181.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,396 shares of the technology company's stock valued at $410,000 after purchasing an additional 4,369 shares during the last quarter. BayBridge Capital Group LLC purchased a new position in shares of Pegasystems in the 4th quarter valued at approximately $432,000. Finally, Consolidated Portfolio Review Corp purchased a new position in shares of Pegasystems in the 4th quarter valued at approximately $1,029,000. 46.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Leon Trefler sold 752 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $94.60, for a total value of $71,139.20. Following the completion of the transaction, the insider now directly owns 36,884 shares of the company's stock, valued at $3,489,226.40. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Efstathios A. Kouninis sold 299 shares of the business's stock in a transaction on Monday, December 16th. The stock was 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. Over the last ninety days, insiders sold 21,745 shares of company stock valued at $2,001,989. 50.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PEGA shares. Royal Bank of Canada lifted their target price on Pegasystems from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. KeyCorp reiterated an "overweight" rating and issued a $118.00 target price on shares of Pegasystems in a research note on Tuesday, January 14th. Rosenblatt Securities lifted their target price on Pegasystems from $95.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. JMP Securities reiterated a "market outperform" rating and issued a $110.00 target price on shares of Pegasystems in a research note on Thursday, February 13th. Finally, Barclays lowered 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. 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, Pegasystems presently has a consensus rating of "Moderate Buy" and an average price target of $99.36.

Pegasystems Stock Performance

PEGA stock traded down $2.67 during midday trading on Thursday, hitting $81.50. 1,077,411 shares of the stock were exchanged, compared to its average volume of 1,019,202. The stock's 50-day moving average price is $98.46 and its 200-day moving average price is $84.32. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 80.69 and a beta of 1.11. Pegasystems Inc. has a fifty-two week low of $54.55 and a fifty-two week high of $113.67.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued 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 32.09% and a net margin of 6.63%. Research analysts anticipate that Pegasystems Inc. will post 1.89 EPS for the current year.

Pegasystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued 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 0.15%. Pegasystems's dividend payout ratio is presently 11.88%.

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.